We were just about to sign contracts for a garden flat in Boscastle. We have hit a problem. The loan offer with TSB runs out on 13/1/2026 but the sellers are insisting on a completion date of 15/1/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your concern is your solicitors who will assess whether he or she is should be discussing with the lender, vendor’s lawyers, selling agents or indeed all parties given the history of your conveyancing to date.
Completed the sale of my flat in Boscastle last April yet the purchaser is Skype messaging daily to moan that their lawyer is waiting to hear from mylawyer. What should have happened now that I have sold?
Following your disposal your solicitor should forward the transfer documentation and all of the paperwork to the buyer’s solicitors. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been redeemed to the purchasers conveyancers. There are no post completion procedures just for conveyancing in Boscastle.
Do the Building Society Association intend to launch a searchable register to to identify firms on the Darlington Building Society conveyancing panel for instance in Boscastle?
We are not aware of any plans on the part of the BSA to develop such a search facility.
How does conveyancing in Boscastle differ for new build properties?
Most buyers of new build residence in Boscastle approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Boscastle tend to purchase the site, 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 Boscastle or who has acted in the same development.
I have been advised by two or three local selling agents in Boscastle to find a solicitor on your site. Is there a financial inducement for Estate Agents to recommend your site over and above a competitor’s?
We refuse to make any referral fee for sending work to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.