We are a couple about to exchange contracts for a leasehold flat in Gotham. We have hit a snag. The loan offer with HSBC Bank runs out on 11/9/2025 but the sellers are insisting on a completion date of 15/9/2025. Is it possible to prolong the loan offer?
The person best placed to deal with your question is your solicitors who should determine if they corresponding with the mortgage company, vendor’s solicitors, property agents or possibly all parties taking into account what has happend in your transaction as of today.
In what way does my ID and proof of funds have anything to do with my conveyancing in Gotham? Is this really warranted?
It is indeed that case that these requests have nothing to do with conveyancing in Gotham. Nowadays you can not complete any conveyancing deal if you have not providing proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Remember if you are providing your driving licence as proof of ID it needs to be both the paper element and photo card part, one is not satisfactory without the other.
Proof of the source of monies is mandated in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor must retain this information on record. Your Gotham conveyancing solicitor will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask additional questions regarding the origin of funds.
I need some quick conveyancing in Gotham as I am faced with pressure to sign on the dotted line inside 4 weeks. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a mortgage you are at free not to have searches conducted although no conveyancer would recommend that you don't. With lots of history conveyancing in Gotham the following are examples of issues that can arise and therefore affect future saleability: Enforcement Actions, Overdue Fees, Outstanding Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Gotham is the location of the property. Is there any guidance you can give?
Flying freeholds in Gotham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gotham you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gotham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am looking to sell my property. My former lawyers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Gotham if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Gotham. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.