We were just about to sign contracts for a freehold house in Buckingham. We encountered a stumbling block. The mortgage offer with Lloyds TSB Bank runs out on 11/7/2022 but the vendors are putting forward a completion date of 13/7/2022. Is it possible to prolong the loan expiry date?
The best person to address this issue is your lawyer who will determine if he or she is corresponding with the lender, seller’s lawyers, estate agents or conceivably all three taking into account the history of your house move as of today.
We hope to to buy with Norwich and Peterborough Building Society. I called into a couple of local solicitors but am unable to find a Buckingham conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Feel free to take advantage of the find a lender approved solicitor tool on this web page. Pick the mortgage company and type Buckingham or your location and you will discover a number of lawyer located in Buckingham or by proximity to you.
Can I be sure that the Buckingham conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Buckingham obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer conducting your transaction.
We were going to get a DIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Buckingham solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Buckingham solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
Having read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Buckingham solicitor - who is on the Virgin Money conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Buckingham surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I am purchasing a property and the solicitor has referenced Chancel Repair for which the property could be obligated to pay given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly appropriate for conveyancing in Buckingham
Unless a prior purchase of the property took place after 12 October 2013 you may expect solicitors delivering conveyancing in Buckingham to remain encouraging a chancel search and or chancel repair liability policy.
I am looking for a leasehold apartment up to £305k and identified one near me in Buckingham I like with a park and station nearby, however it only has 49 years unexpired on the lease. There is not much else in Buckingham suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.