We are a couple about to sign contracts for a property in Oundle. We have hit a stumbling block. Our mortgage offer with The Royal Bank of Scotland expires on 8/4/2019 but the sellers are suggesting a completion date of 10/4/2019. Can one extend the mortgage offer?
The person best placed to address this concern is your lawyer who will hopefully determine whether they better off negotiating with the lender, seller’s lawyers, estate agents or indeed all parties given what has gone on in your house move as of today.
We see that you have a search directory listing firms on the UBS conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Oundle?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Oundle.
My father pointed out to me me that in buying a property in Oundle there may be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?
We are aware of anumerous of properties in Oundle which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Oundle should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We expect to receive a DIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Oundle solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Oundle solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I had an offer accepted on an apartment in Oundle on 20/12/2018, valuation was booked 4 days later, all came back fine. Conveyancer instructed, so all that was missing was my mortgage offer. Having made daily calls to Aldermore and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Aldermore conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Oundle differ for new build properties?
Most buyers of new build premises in Oundle contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because developers in Oundle usually purchase the land, 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 Oundle or who has acted in the same development.
My father-in-law has urged me to use his conveyancers in Oundle. Should I choose my own conveyancer?
There are no two ways about it it’s preferable to select a conveyancing lawyer is to have guidance from friends or family who have experience in using the firm that you are are thinking of instructing.