We were just about to exchange contracts for a leasehold flat in Failsworth. We have hit a stumbling block. The loan offer with Coventry Building Society runs out on 18/12/2025 but the vendors are suggesting a completion date of 22/12/2025. Is it possible to prolong the loan expiry date?
The best person to deal with your issue is your solicitors who should determine whether he or she is should be discussing with the bank, seller’s lawyers, estate agents or conceivably all three based on what has happend in your house move as of today.
In what way does my ID and proof of funds have anything to do with my conveyancing in Failsworth? Is this really necessary?
To satisfy the Money Laundering Regulations any Failsworth conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you reside.
In accordance with Money Laundering Regulations, property lawyers are required to ascertain not only the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your lawyer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
How does conveyancing in Failsworth differ for new build properties?
Most buyers of new build residence in Failsworth contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Failsworth usually 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 conveyancing solicitors 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 accustomed to new build conveyancing in Failsworth or who has acted in the same development.
Given that I am about to part with £400,000 on a garden flat in Failsworth I wish to have a conversation with the lawyer about mytransaction prior to giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be doing your property ownership legalities in Failsworth.There is no ‘factory style conveyancing’ - every client is an important individual, not a case reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Failsworth should be the amount on the final invoice that you end up paying.
In sourcing the internet for the phrase cheap conveyancing in Failsworth it reveals numerous conveyancersin the vicinity. How do I determine which is the suitable solicitor for me?
The ideal way of seeking a suitable conveyancer is through a trusted referral, so seek the counsel of friends and those you trust who have acquired a property in Failsworth or the local estate agent or financial adviser. Costs for conveyancing in Failsworth differ, so it's advisable to obtain a minimum of three costs illustrations from varying types of property lawyers. Make sure that you clarify that the fees are fixed.