We were just about to exchange contracts for a property in Betws Y Coed. We encountered a problem. The mortgage offer with Nottingham Building Society expires on 16/3/2022 but the sellers are insisting on a completion date of 18/3/2022. Is it possible to prolong the loan offer?
The best person to address this question is your solicitors who should determine whether they better off negotiating with the mortgage broker, seller’s conveyancers, property agents or indeed all parties given the history of your conveyancing as of today.
Please explain the implications if my solicitor is suspended from the Santander Solicitor panel ahead of completing my conveyancing in Betws Y Coed?
First, 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 colleague recommended that where I am buying in Betws Y Coed I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Betws Y Coed conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Betws Y Coed around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Betws Y Coed Education with maps and statistics, Local Amenities and other useful information regarding Betws Y Coed.
Are there restrictive covenants that are commonly identified during conveyancing in Betws Y Coed?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Betws Y Coed. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to instruct a conveyancing solicitor for leasehold conveyancing in Betws Y Coed. I have chance upon a web site which seems to have the ideal solution If there is a chance to get all this stuff completed via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?