We are a couple about to sign contracts for a property in Caergwrle. We encountered a problem. Our mortgage offer with Yorkshire Building Society expires on 18/3/2021 but the vendors are putting forward a completion date of 22/3/2021. Is it possible to prolong the loan offer?
The best person to deal with your question is your solicitors who will hopefully assess whether he or she is corresponding with the bank, vendor’s lawyers, selling agents or indeed all three given the history of your house move to date.
We are purchasing a flat in Caergwrle. I might seem paranoid but how we can trust a solicitor? On the day of competition we have to deposit money into their account. What is the protection we have from them run away with our money?
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.
Two weeks ago we had a mortgage agreed in principle with Clydesdale. Caergwrle conveyancing practitioners were chosen. How long does it take for Clydesdale to send the offer to the solicitor?
Some lenders take longer than others. Have Clydesdale completed the valuation? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I was told two weeks ago that my mortgage has been agreed to by Clydesdale. Is it usual for Clydesdale to only issue the offer once my solicitor in Caergwrle is approved on their conveyancing panel? Clydesdale have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Caergwrle differ for new build properties?
Most buyers of new build residence in Caergwrle contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is finished. This is because builders in Caergwrle usually purchase the real estate, 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 conveyancers 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 Caergwrle or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Caergwrle ahead of appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend refuse to issue a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Caergwrle. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I locate a Caergwrle solicitor on the Bank of Scotland conveyancing panel? I have wheels and am willing to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the search on this website. Please choose the mortgage company and your location and you will see a number of Caergwrle conveyancing lawyers based on proximity. We have detailed some Caergwrle conveyancing firms towards the end of this page and you can contact them to verify whether they are on the Bank of Scotland approved list