We are about to exchange contracts for a garden flat in Halstead. We have hit a stumbling block. The loan offer with Coventry Building Society expires on 24/6/2024 but the sellers are putting forward a completion date of 26/6/2024. Is it possible to extend the loan expiry date?

The person best placed to address this issue is your solicitors who is in a position to assess whether they better off negotiating with the mortgage company, owner’s conveyancers, property agents or indeed all three given the circumstances your transaction as of today.

When will exchange of contracts occur in residential conveyancing in Halstead and do I need to attend the lawyers branch?

If you are local to one of the conveyancing solicitors in Halstead you are invited in to sign the paperwork. That being said, the firms we recommend provide a nationwide conveyancing service and provide as equally diligent and professional a job for you when dealing with you by post or email. The executing of the contract is not the point of no return. A signed contract simply enables the solicitor to exchange contracts at the suitable time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Halstead)to be in the office available at the end of the phone to exchange contracts.

I am purchasing my first flat in Halstead benefiting from help to buy. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not inform my lawyer about this extras as it would adversely affect my loan with Nottingham Building Society. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Halstead is the location of the property. Can you offer any opinion?

Flying freeholds in Halstead are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Halstead you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Halstead may determine 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 premises.

I am purchasing a maisonette mortgage free. My solicitor has been handed with 2 separate forms of photo ID, bank statement, numerous utility bills. Now he wants a copy from a probate lawyer acknowledging that the funds are in order and that it has come from inheritance and not dealing E's in Ibiza.

In today’s world you will not be able to complete any Halstead conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering laws.