We were just about to exchange contracts for a leasehold flat in Billericay. We encountered a snag. The mortgage offer with Nationwide Building Society expires on 9/9/2019 but the sellers are putting forward a completion date of 11/9/2019. Can one prolong the mortgage offer?
The person best placed to address this issue is your solicitors who should determine whether they better off negotiating with the lender, vendor’s representatives, selling agents or indeed all three given what has happend in your house move as of today.
Finally the sale completed on my house in Billericay last August yet the purchaser is calling daily to say her lawyer needs to hear from mysolicitor. What should my lawyer have done following completion?
After completion of your house sale your lawyer should send the transfer deeds and all of the paperwork to the purchaser's solicitors. Where appropriate, your lawyer must also confirm that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There are no post completion procedures peculiar conveyancing in Billericay.
Our mortgage company has suggested a law firm on their panel based in Billericay but I would rather instruct a conveyancing lawyer in Billericay local to me. Can you assist?
It is by no means the case that all Billericay conveyancing practices are approved and listed on all banks conveyancing panel. Do make use of our search tool to locate a Billericay conveyancing firm on the on the mortgage company panel.
Should my conveyancer be asking questions concerning flooding as part of the conveyancing in Billericay.
Flooding is a growing risk for solicitors specialising in conveyancing in Billericay. There are those who acquire a property in Billericay, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, however there are a numerous searches that may be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Billericay. The conventional set of information given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to find out if the premises has ever been flooded. If flooding has previously occurred and is not disclosed by the seller, then a purchaser could bring a compensation claim resulting from an incorrect answer. A purchaser’s conveyancers should also commission an enviro report. This will disclose whether there is any known flood risk. If so, additional inquiries should be initiated.
Can a conveyancer remove someone from the title of my property in Billericay ?
Removing or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer