We were just about to exchange contracts for a semi detached house in Palmers Green. We encountered a snag. Our loan offer with Nationwide Building Society expires on 10/3/2026 but the sellers are putting forward a completion date of 12/3/2026. Is it possible to extend the loan expiry date?
The person best placed to address this issue is your lawyer who should determine whether he or she is corresponding with the lender, seller’s lawyers, property agents or indeed all three based on what has happend in your conveyancing as of today.
We are purchasing a flat and require a conveyancing solicitor in Palmers Green who is on the Aldermore approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Palmers Green.
We're in Palmers Green, First timers buying with a mortgage (lender is Virgin Money , and our solicitor is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What is the difference between a licensed conveyancer and conveyancing solicitor in Palmers Green
There are two types of lawyers who can conduct conveyancing in Palmers Green namely licenced conveyancers or solicitors. Both professionals provide the legal services that you need to complete the sale or acquisition of property. They are both obliged to conduct Palmers Green conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that the requisite procedures will be appropriately taken.
We are getting the release of further funds on our home loan from Coventry BS as we want to carry out a loft conversion to our house in Palmers Green. Are we obliged to appoint a nearby Palmers Green solicitor on the Coventry BS conveyancing panel to handle the legals?
Coventry BS do not ordinarily instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.
I've read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Palmers Green solicitor - who is on the Bank of Ireland conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Palmers Green surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I opted to have a survey done on a property in Palmers Green in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders tend refuse to issue a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Palmers Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Palmers Green to see if the conveyancing will be more expensive.