We are a couple about to sign contracts for a property in Alrewas. We encountered a snag. Our mortgage offer with Platform Home Loans Ltd expires on 20/10/2025 but the vendors are insisting on a completion date of 22/10/2025. Is it possible to prolong the mortgage expiry date?
The best person to address this concern is your conveyancer who will hopefully calculate if they should be discussing with the lender, vendor’s lawyers, estate agents or conceivably all three taking into account what has happend in your house move as of today.
When reading consumer advice sites for a conveyancing lawyer in Alrewas, many comment that I must use a CQS kitemarked solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in the legal transfer of properties, trusted by some of the UK's leading mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). The scheme does not cover licenced conveyancers. Alrewas is one of the numerous areas of the UK where there are Accredited lawyers.
Is it the case that all Alrewas CQS (Conveyancing Quality Scheme) solicitors are on the Nationwide conveyancing panel?
It is true that some banks and building societies now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
When it comes to mortgage companies such as TSB, do Alrewas conveyancers face an annual charge to be on the list of approved solicitors?
We are not aware of any bank fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
The formalities of my purchase has taken place for my property in Alrewas. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I purchased my house on 10 October and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Alrewas said it will be recorded in less than a month. Are titles in Alrewas particularly slow to register?
As far as conveyancing in Alrewas is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can vary depending on the party submitting the application, whether there are errors and if the Land registry communicate with any interested persons or bodies. Currently in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place once the buyer is living at the premises thus an expedited registration is not usually top priority but if there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Alrewas I like with a park and transport links nearby, however it's only got 52 years unexpired on the lease. There is not much else in Alrewas in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage that many years will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.