We are a couple about to sign contracts for a property in Great Baddow. We have hit a problem. Our mortgage offer with Virgin Money runs out on 1/7/2024 but the owners are putting forward a completion date of 3/7/2024. Is it possible to prolong the loan expiry date?
The best person to address this question is your solicitors who is in a position to calculate if they corresponding with the mortgage broker, owner’s representatives, estate agents or possibly all parties based on the circumstances your conveyancing as of today.
My partner and I are downsizing from our property in Great Baddow and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A high street Great Baddow lawyer would know this is not the case. It does beg the question why the buyers instructed an online conveyancing firm rather than a conveyancing solicitor in Great Baddow. We have lived in Great Baddow for three years we know that this is a non issue. Is it a good idea to contact our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Great Baddow differ for newly converted properties?
Most buyers of new build or newly converted property in Great Baddow come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Great Baddow tend to acquire the land, 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 conveyancers 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 accustomed to new build conveyancing in Great Baddow or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, no chain conveyancing. Great Baddow is where the house is located. Can you shed any light on this issue?
Flying freeholds in Great Baddow are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Great Baddow you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Baddow may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am 3 weeks into a leasehold purchase having been directed to conveyancers by the local agent to do our conveyancing in Great Baddow. I am am starting to be dissatisfied with the quality of service. Can you you assist me in finding new lawyers?
A conveyancer would have to be very poor to suggest changing them. Has your mortgage offer been sent? In the event that it has you must make them aware of the new contact details and get the loan are re-sent. Your new conveyancer needs to be on the mortgage company approved list to avoid added fees and complications. So that should be your first question of the new lawyers. Our search tool will help you find a bank approved solicitor for your conveyancing in Great Baddow