We are a couple about to exchange contracts for a property in Much Wenlock. We have hit a stumbling block. Our mortgage offer with Nationwide Building Society runs out on 11/9/2019 but the vendors are insisting on a completion date of 13/9/2019. Can one extend the mortgage offer?
The best person to address this issue is your conveyancer who will hopefully determine whether they corresponding with the bank, vendor’s lawyers, selling agents or indeed all three based on the circumstances your transaction to date.
We are buying a property and require a conveyancing solicitor in Much Wenlock who is on the RBS approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS . We don't recommend any particular firms conducting conveyancing in Much Wenlock.
How does conveyancing in Much Wenlock differ for new build properties?
Most buyers of new build premises in Much Wenlock come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is finished. This is because builders in Much Wenlock 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 conveyancers 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 Much Wenlock or who has acted in the same development.
We're first time buyers - agreed a price, yet the estate agent informed us that the owners will only go ahead if we use the agent's preferred lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Much Wenlock
We suspect that the seller is unaware of this request. Should the seller require ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Try to communicate with the owners directly and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you are going to use your preferred Much Wenlock conveyancing lawyers - not the ones that will provide the negotiator at the agency a referral fee or achieve conveyancing thresholds set by corporate headquarters.
I am purchasing a garden flat in Much Wenlock. Conveyancing solicitor has been awaiting, from the vendor, building insurance schedule. Earlier today I was informed that the seller needs to send the insurance paperwork for the flat above in addition. Why would my property lawyer need to review the insurance for the other flat? Is it strictly required? We have been stalled for the previous month…
It is not impossible in leasehold conveyancing in Much Wenlock to discover Conveyancing in Much Wenlock in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the landlord insuring the complete building - which is clearly better. Do contact your solicitor but it would appear that your solicitor is seeking to verify that the entire building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed due to lack of insurance cover.