We were just about to sign contracts for a leasehold flat in Spilsby. We have hit a snag. The mortgage offer with expires on but the sellers are suggesting a completion date of . Is it possible to prolong the loan expiry date?
The person best placed to deal with your issue is your lawyer who should assess whether he or she is better off negotiating with the bank, owner’s conveyancers, property agents or indeed all three given the history of your house move to date.
My wife and I have a renovated Edwardian house in Spilsby. Conveyancing lawyer represented me and . I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Spilsby and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing lawyer who conducted the purchase.
How does conveyancing in Spilsby differ for new build properties?
Most buyers of new build or newly converted property in Spilsby approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because builders in Spilsby typically acquire the site, 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 Spilsby or who has acted in the same development.
My husband and I are new on the property ladder - had an offer accepted, but the selling agent has warned us that the seller will only proceed if we instruct the agent's recommended solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Spilsby
It is improbable the vendors are driving this. If they want ‘a quick sale', alienating a serious buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to use your preferred Spilsby conveyancing firm - rather thanthose that will give the estate agent a referral fee or hit his conveyancing figures pre-set by head office.
Our bank agreed in principle to grant us a mortgage. We have retained a reputable conveyancer in Spilsby last week. A couple of hours ago, our broker phoned to advise us that the lender said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the mortgage company had a say Is this usual?
You can actually instruct any property lawyer you prefer to use including the said conveyancer in Spilsby but if they are not on the your bank's panel you would have to fork out an extra fee so the mortgage company can instruct their own conveyancer too. It may be possible your solicitor may apply to get added to the bank panel. You can use online search facilities such as lenderpanel.com to find a conveyancing solcitor in Spilsby on the lender panel. You can go into your local lender branch in Spilsby. They will know some good conveyancing solicitors in Spilsby on the panel for your mortgage company.