We are a couple about to sign contracts for a ground floor flat in Aspley Guise. We have hit a snag. The loan offer with Halifax runs out on 18/6/2019 but the sellers are suggesting a completion date of 20/6/2019. Is it possible to extend the mortgage offer?
The person best placed to address this concern is your solicitors who is in a position to determine if he or she is should be discussing with the mortgage broker, vendor’s lawyers, estate agents or conceivably all parties based on the circumstances your house move as of today.
Why do I have to pay up front when it comes to conveyancing in Aspley Guise?
If you are buying a property in Aspley Guise your solicitor will ask you put them with monies to cover the the cost of the conveyancing searches. Ordinarily this is asked for to cover the fees of the Local Authority Search. If any down payment is as part of the sale price then this should be asked for immediately in advance of contracts are exchanged. The closing balance that is due should be transferred shortly before completion.
Please explain the implications if my solicitor is suspended from the Coventry BS Solicitor panel ahead of completing my conveyancing in Aspley Guise?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
My wife and I purchased a terraced Georgian property in Aspley Guise. Conveyancing practitioner represented me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aspley Guise and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing solicitor who conducted the purchase.
I'm converting the mortgage on my primary house to a BTL mortgage with Alliance & Leicester and I will use the rest of the raised equity towards a second house. The location we are talking about is Aspley Guise. Will your conveyancers be able to act for the two lenders and tie in the transactions?
Do use our comparison tool on this page to ensure that the lawyers are on the appropriate lender panels. On the basis that they are your solicitor will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and communicate your desired outcome and needs.