We were just about to sign contracts for a garden flat in Woodford Green. We encountered a problem. The mortgage offer with Leeds Building Society runs out on 21/10/2025 but the sellers are insisting on a completion date of 23/10/2025. Can one extend the loan expiry date?
The best person to deal with your issue is your lawyer who is in a position to determine whether they corresponding with the mortgage broker, owner’s solicitors, selling agents or conceivably all parties based on the circumstances your conveyancing to date.
My fiance and I are purchasing a purpose built flat in Woodford Green with a loan from Virgin Money.We would like to retain our Woodford Green conveyancing practitioner but Virgin Money advised that he's not on their approved list of member firms. we are left little option but to use a Virgin Money panel lawyer or retain our preferred solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan offered to you is subject to its various provisions, one of which will be that solicitors will be on the Virgin Money solicitor panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Virgin Money
I require fast conveyancing in Woodford Green as I am under pressure to exchange contracts within one month. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no lawyer would recommend that you don't. With lots of history conveyancing in Woodford Green the following are examples of issues that can show up and adversely impact future saleability: Enforcement Notices, Outstanding Fees, Overdue Grants, Road Schemes,...
I decided to have a survey done on a property in Woodford Green ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will refuse to issue a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you contact us we can check via 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 Woodford Green. Conveyancing will be smoother if you use a solicitor in Woodford Green especially if they are acquainted with such properties in Woodford Green.
My father has suggested that I appoint his conveyancers in Woodford Green. Do I follow his recommendation?
Much as we are happy to recommend a Woodford Green conveyancing lawyer the best way to select a conveyancing practitioner is to get recommendations from friends or family who have used the solicitor you're contemplating using.
My husband and I intend to buy our first property in Woodford Green. Conveyancing solicitor already chosen. The broker advised that a survey is not needed as the house was only constructed 16 yrs ago.
At the very least you should have a Home Buyer's Report. Given the residence is more than 10 years old the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report may be enough. They will highlight any apparent issues and recommend further investigation where relevant. Where there are any indications of problems obtain a comprehensive Building Survey from the beginning.