It has come to my attention via my mortgage broker that my Adamsdown the law firm I have appointed is not on the lender Conveyancing panel. What can I do to be sure if this is correct?
You need to contact your Adamsdown lawyer directly. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they may recommend you to a Adamsdown conveyancing firm that is on the approved list of lawyers for your bank.
We are a couple about to sign contracts for a garden flat in Adamsdown. We have hit a snag. The mortgage offer with Barclays runs out on 4/6/2019 but the owners are insisting on a completion date of 6/6/2019. Can one prolong the loan expiry date?
The best person to address this concern is your solicitors who should determine whether he or she is better off negotiating with the mortgage company, vendor’s solicitors, selling agents or conceivably all three given the history of your house move to date.
When does exchange of contracts occur in sale conveyancing in Adamsdown and do I need to be at the conveyancers branch?
If you are round the corner to one of the conveyancing solicitors in Adamsdown you are welcome to attend to sign contracts. That being said, the firms we work with offer countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the property agreement is not the critical part. A signed contract simply enables the solicitor to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Adamsdown)to be in the office available at the end of the phone to exchange contracts.
About to place a bid on a leasehold flat in Adamsdown. The estate agents tell me that it is the norm for flats in Adamsdown to have less than 75 years remaining. I am obtaining a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 72 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/4/2019 the requirements read as follows :
How does conveyancing in Adamsdown differ for new build properties?
Most buyers of new build residence in Adamsdown come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Adamsdown typically 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 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 used to new build conveyancing in Adamsdown or who has acted in the same development.