We are a couple about to sign contracts for a leasehold flat in Frodsham. We encountered a snag. The loan offer with Nationwide Building Society expires on 5/12/2025 but the vendors are putting forward a completion date of 9/12/2025. Can one prolong the loan expiry date?
The best person to deal with your question is your lawyer who will calculate whether they better off negotiating with the mortgage broker, seller’s conveyancers, selling agents or possibly all parties taking into account the circumstances your transaction to date.
Finally the sale completed on my house in Frodsham last June but the buyer keeps SMS messaging every few hours complaining that his solicitor is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your house sale your conveyancer is duty bound to forward the transfer documentation and all of the paperwork to the purchaser's lawyers. If applicable, your solicitor should also send confirmation that the home loan has been discharged to the buyers conveyancers. There are no post completion procedures just for conveyancing in Frodsham.
I am aiming to move property in November. Does my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you recommend a removal company in Frodsham. Conveyancing firm was organised prior to coming across your site.
On the day of completion you will need to collect the house keys from your property agent but this should only occur once the sellers solicitors advise the agent that the monies to complete are in and the keys can be released. After that you will need to inform the removal men that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can assist you in finding a residential property solicitor in Frodsham or a lawyer with expertise in conveyancing in Frodsham.
When it comes to mortgage companies such as Barclays, do Frodsham conveyancing practitioners have to pay a yearly amount to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We expect to receive a DIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Frodsham solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Frodsham solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
How does conveyancing in Frodsham differ for new build properties?
Most buyers of new build residence in Frodsham contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Frodsham typically 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 used to new build conveyancing in Frodsham or who has acted in the same development.
I have been on the look out for a flat up to £235,500 and found one near me in Frodsham I like with open areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Frodsham for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.