We were just about to exchange contracts for a leasehold flat in Audlem. We encountered a problem. The mortgage offer with Birmingham Midshires runs out on 12/3/2026 but the vendors are putting forward a completion date of 16/3/2026. Can one prolong the loan offer?
The person best placed to deal with your issue is your conveyancer who is in a position to calculate if they should be discussing with the mortgage broker, seller’s conveyancers, property agents or possibly all parties given the circumstances your conveyancing as of today.
At what point can the exchange of contracts take place for residential conveyancing in Audlem and do I need to be at the lawyers branch?
If you are local to our conveyancing solicitors in Audlem you are invited in to sign the paperwork. However, the lender approved solicitors we work with supply a national conveyancing service and provide just as diligent and professional a job for you when dealing with you by post or email. The signing of the property agreement is not the point of no return. A signed contract simply enables the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Audlem)to be in the office at the appropriate time.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial premises in Audlem?
Many commercial conveyancing solicitors in Audlem will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Audlem. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Audlem.
For every commercial conveyancing transaction in Audlem it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Audlem commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Audlem.
How does conveyancing in Audlem differ for new build properties?
Most buyers of new build premises in Audlem approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Audlem typically buy 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 used to new build conveyancing in Audlem or who has acted in the same development.
Taking into account that I am about to spend 450k on 3 bedroom house in Audlem I wish to have a conversation with the conveyancer concerning thehome move before instructing the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer who will be conducting your property ownership legalities in Audlem.There is no ‘factory style conveyancing’ - each client is an important person, not a case number. The law firms that we put you in touch with believe that the fees you are provided with for residential conveyancing in Audlem should be the figure that you are charged.