We were just about to exchange contracts for a garden flat in Broadstairs. We encountered a problem. Our loan offer with Britannia runs out on 17/6/2024 but the sellers are insisting on a completion date of 19/6/2024. Can one prolong the mortgage offer?
The best person to deal with your question is your solicitors who should determine whether they corresponding with the lender, seller’s representatives, property agents or conceivably all parties based on the circumstances your house move to date.
Is there a reason why leasehold purchase conveyancing in Broadstairs costs more?
The conveyancing fees on a leasehold property in Broadstairs is inevitably more expensive than on a freehold acquisition or disposal. This is because there is an amount of extra time necessary in corresponding with the freeholder and management company to obtain evidence about whether the rent and service charges have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the block.
Are the BSA planning on creating a searchable register to list firms on the Darlington Building Society conveyancing panel for example in Broadstairs?
We have not been informed any plans on the part of the BSA to develop such a tool.
We are purchasing a flat in Broadstairs. I might seem paranoid but how we can trust a solicitor? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My stepmother advised me that in purchasing a property in Broadstairs there may be a number of restrictions as to what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Broadstairs which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Broadstairs should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm the sole beneficiary of my late father’s estate with all property in now in my sole name, including the house in Broadstairs. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I do know about the CML 6 month 'rule', meaning my proprietorship could be treated the same way as if I'd bought the house in March. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. Most banks would take a sensible view as this requirement primarily exists to pick up on subsales or the wholesaling and assigning of properties.
I am thinking of appointing a conveyancing lawyer in Broadstairs for my purchase. Is it possible to check a solicitor's record with the legal regulator?
Members of the public may see published Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.