We were just about to sign contracts for a semi detached house in Lydiate. We encountered a stumbling block. The loan offer with Platform Home Loans Ltd runs out on 21/6/2019 but the vendors are suggesting a completion date of 25/6/2019. Can one extend the mortgage offer?
The person best placed to address this issue is your solicitors who will hopefully calculate whether he or she is should be discussing with the lender, seller’s conveyancers, property agents or possibly all three taking into account the history of your conveyancing to date.
Should my solicitor be making enquiries about flooding during the conveyancing in Lydiate.
Flooding is a growing risk for lawyers conducting conveyancing in Lydiate. There are those who buy a house in Lydiate, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a number of checks that can be initiated by the purchaser or by their conveyancers which will give them a better understanding of the risks in Lydiate. The conventional set of property information forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the seller to discover whether the property has ever been flooded. In the event that flooding has previously occurred and is not disclosed by the vendor, then a buyer could issue a compensation claim as a result of such an incorrect answer. The purchaser’s lawyers should also carry out an environmental report. This should higlight whether there is any known flood risk. If so, further inquiries should be carried out.
I used Action Conveyancing several years ago for my conveyancing in Lydiate. I now require my file however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lydiate of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey done on a house in Lydiate in advance of instructing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will refuse to give a mortgage on this type of property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lydiate. Conveyancing may be slightly more expensive based on your lender's requirements.
In searching the web for the term on line conveyancing in Lydiate it brings up many conveyancerslocally. With so much choice what is the best way to find the suitable property lawyer for purchase transaction?
The best way of seeking a suitable conveyancer is via trusted referral, so enquire of colleagues and family who have bought a property in Lydiate or the reputable estate agent or financial adviser. Costs for conveyancing in Lydiate vary, so it's a good idea to obtain at least four fee estimates from varying types of conveyancers. Make sure that you know that the costs are guaranteed not to to be inflated.