We were just about to exchange contracts for a semi detached house in Kidlington. We have hit a problem. The mortgage offer with The Mortgage Works expires on 11/2/2019 but the vendors are insisting on a completion date of 13/2/2019. Can one prolong the loan expiry date?
The best person to deal with your issue is your solicitors who will assess if he or she is should be discussing with the mortgage broker, vendor’s solicitors, property agents or conceivably all three given what has happend in your transaction to date.
Completed the sale of my flat in Kidlington last May yet the purchaser is texting daily to say her solicitor needs to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your disposal your lawyer should forward the transfer deeds and all of the paperwork to the buyer’s solicitors. If applicable, your conveyancer should also confirm that the mortgage has been repaid to the purchasers lawyers. There are no post completion formalities unique to conveyancing in Kidlington.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Kidlington I like with open areas and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Kidlington for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I need to instruct a conveyancing lawyer in Kidlington for my house move. Is there any facility to see a firm’s record with the legal regulator?
You may find published Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training reasons.
We have been told by numerous estate agents that it can take up to two months for Kidlington conveyancing to complete.This was a month ago. The paperwork was only forwarded to my conveyancing practitioner yesterday so now does it countdown?
You should be pragmatic about timelines. Moving home in Kidlington takes on average about ten weeks. This time period is not because property lawyer are slow and willfully delay matters. The level of money involved in purchasing any residence is so high, the purchaser's conveyancing practitioner needing to raise a whole range of enquiries, searches and supplemental checks to protect the purchaser and their lender (if there is to be a mortgage) from expensive, avoidable problems. These checks involves obtaining information from various third parties, including other conveyancing practitioner, local councils, private companies, lenders. Many of these are well organised. Plenty are not. Finally, it doesn't matter how quickly your conveyancing practitioner do their part, if the people you are purchasing from or are selling to aren't ready, nothing can go ahead until they are.