We were just about to exchange contracts for a semi detached house in Wollaston. We encountered a stumbling block. Our mortgage offer with Halifax expires on 5/1/2027 but the owners are insisting on a completion date of 7/1/2027. Is it possible to extend the mortgage offer?
The best person to deal with your concern is your solicitors who should determine whether he or she is corresponding with the lender, owner’s solicitors, selling agents or possibly all three based on the history of your conveyancing to date.
Is there a reason why leasehold purchase conveyancing in Wollaston costs more?
Wollaston leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am in the process of refinancing my house in Wollaston, does my lawyer need to be on the Aldermore Solicitor panel?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
What is your number one tip for choosing a conveyancing solicitor in Wollaston
It would be unwise to be tempted by the cheapest Wollaston conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am helping my step-mother sell her house in Wollaston. Will the solicitor commission the energy assessment or it is for the seller to see to?
After the abolition of Home Information Packs, energy performance certificates became a required element of moving house. An energy assessment needs to be to hand in advance of the property being marketed. It is not a task that conveyancers ordinarily organise. Where you are using a Wollaston conveyancing lawyer they may be able to arrange EPC’s given their contacts with reputable Wollaston assessors
The mortgage over my property is with Barclays for my property in Wollaston. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
You must advise Barclays before letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. You need not do this via a Barclays conveyancing panel firm.
Due to the input of my in-laws I had a survey completed on a house in Wollaston in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some lenders may not give a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wollaston. Conveyancing will be smoother if you use a solicitor in Wollaston especially if they are accustomed to such properties in Wollaston.
I have been pointed in your direction by numerous estate agents in Wollaston to find a property lawyer on your site. What’s the financial advantage for Estate Agents to recommend your services rather than a competitor’s?
We refuse to give any financial incentive for directing people our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.