We were just about to exchange contracts for a garden flat in Monmouthshire. We encountered a stumbling block. Our mortgage offer with Birmingham Midshires expires on 11/12/2018 but the sellers are suggesting a completion date of 13/12/2018. Can one prolong the mortgage expiry date?
The best person to address this issue is your solicitors who should calculate whether they corresponding with the mortgage broker, vendor’s solicitors, estate agents or conceivably all parties based on the circumstances your conveyancing as of today.
We note that you have a post code search directory identifying solicitors on the RBS conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Monmouthshire?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Monmouthshire.
I purchased my home on 5 June and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Monmouthshire said it would be registered in less than a month. Are transfers in Monmouthshire uniquely lengthy to register?
As far as conveyancing in Monmouthshire is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether it is in order and if the Land registry have to notify any third persons or bodies. Currently in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration is effected once the buyer is living at the premises thus 'speed' is not always top priority but if it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Monmouthshire differ for new build properties?
Most buyers of new build or newly converted property in Monmouthshire contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Monmouthshire usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Monmouthshire or who has acted in the same development.
I’m about to sell my garden flat in Monmouthshire.Conveyancing lawyers have not yet been instructed however I have just received a quarterly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as normal as all rents and maintenance invoices should be allottedon completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially