We are about to exchange contracts for a freehold house in Yaxley. We have hit a snag. Our mortgage offer with Godiva Mortgages Ltd expires on 2/11/2026 but the owners are insisting on a completion date of 4/11/2026. Can one prolong the loan offer?
The person best placed to address this issue is your conveyancer who should calculate if he or she is better off negotiating with the bank, vendor’s solicitors, estate agents or possibly all three taking into account the circumstances your transaction to date.
Me and my partner are purchasing a flat in Yaxley. I might seem paranoid but how we can trust a lawyer? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
A relative pointed out to me me that in buying a property in Yaxley there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Yaxley which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Yaxley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I purchasing a 3 bedroom semi in Yaxley. Our aim is to carry out an extension to the side at the house.Will the conveyancing process include checks to ascertain if these works are prohibited?
Your solicitor should review the deeds as conveyancing in Yaxley will occasionally reveal restrictions in the title documents which restrict categories of changes or necessitated the consent of a 3rd party. Some additions need local authority planning consent and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
How does conveyancing in Yaxley differ for newly converted properties?
Most buyers of new build or newly converted property in Yaxley contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Yaxley usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Yaxley or who has acted in the same development.
Am I right to be wary that brokers that I am dealing with are recommending an online conveyancing firm rather than a High Street Yaxley conveyancing company?
As with many service providers, often recommendations from connections can be extremely useful or valuable. But there are many parties with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and banks might all recommend conveyancers to instruct. On occasion these lawyers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes financial incentive behind the endorsement. You are free to appoint your own conveyancer. Don't forget that some lenders specify a panel list of lawyers you have to use for the lender related work in your transaction.
My husband and I are first time buyers - had an offer accepted, but the estate agent informed us that the vendor will only go ahead if we use their chosen solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family conveyancer who is familiar with conveyancing in Yaxley
It is improbable the sellers are behind this. If they want ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are serious buyers (b)you are ready to progress, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you are going to instruct your preferred Yaxley conveyancing solicitors - as opposed tothe ones that will provide their estate agent a referral fee or meet his conveyancing figures demanded by corporate headquarters.
Can you offer any advice when it comes to finding a Yaxley conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Yaxley conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with several firms including non Yaxley conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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Can they put you in touch with clients in Yaxley who can give a testimonial? What are the charges for lease extension work?
Yaxley Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
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Can you inform me if there are any major works on the horizon that will add a premium to the maintenance charges? What restrictions exist in the Yaxley Lease? How much is the yearly maintenance fee and ground rent?