We were just about to sign contracts for a ground floor flat in London. We encountered a stumbling block. The mortgage offer with Godiva Mortgages Ltd runs out on 13/6/2018 but the vendors are putting forward a completion date of 15/6/2018. Can one extend the mortgage expiry date?
The person best placed to deal with your issue is your lawyer who is in a position to calculate if they corresponding with the mortgage broker, vendor’s lawyers, property agents or conceivably all parties given what has happend in your conveyancing as of today.
we are a couple who intend to purchase a newbuild apartment in London with a mortgage from Platform Home Loans Ltd.We would like to retain our London conveyancing solicitor but Platform Home Loans Ltd informed us he's not on their "panel". we are left little option but to use a Platform Home Loans Ltd panel solicitor or retain our local solicitor and fork out for a Platform Home Loans Ltd panel lawyer to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you contains various provisions, a common one being that conveyancers will be on the Platform Home Loans Ltd conveyancing panel. in the past, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Platform Home Loans Ltd
I have todaybecome aware that Wolstenholmes have closed. They conducted my conveyancing in London for a purchase of a leasehold apartment 18 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of London conveyancing specialists.
Is it simple use the search facility to select a conveyancing solicitor in London on the panel for my mortgage?
1st choose a mortgage company such as Santander, Chelsea Building Society or Clydesdale then specify your location a common one being London. Conveyancing practices in London and nationally will then be identified.
Should I go with a London conveyancing solicitor who is local to the property I am buying? We have a good friend who can perform the legal formalities but her office is 200kilometers away.
The primary upside of using a local London conveyancing practice is that you can drop in to sign paperwork, hand in your ID and apply pressure on them where appropriate. They will also have local insight which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were impressed that should trump using an unfamiliar London conveyancing solicitor solely due to them being London based.