We were just about to exchange contracts for a ground floor flat in Rendlesham. We have hit a problem. Our mortgage offer with Chelsea Building Society runs out on 2/3/2026 but the vendors are suggesting a completion date of 4/3/2026. Is it possible to extend the loan expiry date?
The person best placed to deal with your issue is your conveyancer who will assess if he or she is should be discussing with the bank, vendor’s conveyancers, selling agents or possibly all parties given the circumstances your transaction as of today.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Rendlesham?
There are many recorded licenced Conveyancers in Rendlesham and Solicitor firms in Rendlesham to choose from We would stress that the two are regulated professionals specialising in the legal aspects of transferring property. The two can handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
We have agreed to purchase a house in Rendlesham. An unusual aspect is that the roof has a solar panel. Aldermore have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Aldermore your lawyer must check the conveyancing instructions set out in Part two of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to Aldermore where a lease fails to comply with these requirements. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Rendlesham.
After what seems like an age I have had an offer on a maisonette in Rendlesham agreed to, but there is a chain. The owners have placed an offer on a property, however it’s not been accepted yet, and are looking at other flats in the pipeline. I have selected a nearby conveyancing solicitor in Rendlesham. What do I do now? When do I get the mortgage application with Nottingham going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Rendlesham conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Nottingham approved list. Concerning the next stages this very much depends on the uniqueness of your case, desire for this property and on the state of the market. During a buoyant market some buyers would apply for the mortgage with Nottingham and pay for the valuation and only if it was satisfactory would they pay their solicitor to press on with the conveyancing in Rendlesham.
I have been told that property searches are the main cause of delay in Rendlesham house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Rendlesham.
2 months have gone by since my purchase conveyancing in Rendlesham concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the input of my in-laws I had a survey completed on a property in Rendlesham prior to instructing conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies may refuse to grant a loan on such a property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rendlesham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rendlesham to see if the conveyancing costs will increase in light of this.