We are a couple about to sign contracts for a garden flat in Alexandra Park. We have hit a snag. Our loan offer with The Royal Bank of Scotland expires on 16/3/2026 but the sellers are suggesting a completion date of 18/3/2026. Is it possible to extend the loan expiry date?
The person best placed to deal with your question is your solicitors who is in a position to calculate whether they better off negotiating with the mortgage company, seller’s solicitors, property agents or possibly all three taking into account what has happend in your transaction to date.
Why is leasehold purchase conveyancing in Alexandra Park costs more?
The conveyancing fees for a leasehold premises in Alexandra Park is often higher as compared to a freehold transaction. This is due to the additional work required in corresponding with the freeholder and managing agents to obtain information concerning whether the rent and maintenance charges have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.
How does conveyancing in Alexandra Park differ for new build properties?
Most buyers of new build property in Alexandra Park come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because builders in Alexandra Park usually purchase 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 property lawyers 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 Alexandra Park or who has acted in the same development.
My husband and I are new on the property ladder - had an offer accepted, yet the estate agent has warned us that the vendor will only issue a contract if we instruct the agent's chosen lawyers as they need an ‘expedited deal’. We would rather use a local conveyancer who is accustomed to conveyancing in Alexandra Park
We suspect that the owner is unaware of this requirement. Should the vendor want ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are genuine buyers (b)you are ready to progress, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you are going to appoint your preferred Alexandra Park conveyancing firm - not the ones that will provide their estate agent a referral fee or hit his conveyancing targets pre-set by head office.
Your search tool is useful but there are many lawyers listed near Alexandra Park being on the lender conveyancing panel. Can you recommend a specific firm on the bank approved panel?
We do not recommend specific Alexandra Park firms as the right Alexandra Park conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Alexandra Park knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..