We are a couple about to exchange contracts for a ground floor flat in Tavistock. We encountered a problem. Our loan offer with Barclays Direct runs out on 6/7/2021 but the vendors are insisting on a completion date of 8/7/2021. Is it possible to extend the loan offer?
The best person to deal with your concern is your lawyer who will hopefully determine if they better off negotiating with the bank, seller’s solicitors, property agents or conceivably all three given the circumstances your conveyancing to date.
What is the first thing I need to know concerning purchase conveyancing in Tavistock?
Not many law firms or advisers will tell you this but conveyancing in Tavistock or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and others involved in the transaction. For instance, the vendor, property agent and sometimes the mortgage company. Selecting a solicitor for your conveyancing in Tavistock an important selection as your conveyancer is your adviser, and is the ONLY person in the transaction whose interest is to look after your best interests and to keep you safe.
Sometimes a third party with a vested interest will try and convince you that you should follow their advice. For instance, the selling agent may claim to be assisting by claiming that your solicitor is wrong. Or your mortgage broker may try to convince you to do something that is contrary to your lawyers recommendation. You should always trust your lawyer above all other parties in the home moving process.
I have been told that property searches are a common cause of stalling in Tavistock house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Tavistock.
I'm refinancing my existing house to a buy to let mortgage with Accord Mortgages Ltd and I will use the ballance of the raised equity towards further property. The location we are talking about is Tavistock. Will your solicitors be able to act for the two mortgage companies and tie in the two deals?
Do use our search tool on this site to ensure that the solicitors are approved by both mortgage companies. Having checked that they are the solicitor will be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and make apparent your expectations and requirements.
I have read on various online forums that before selecting a conveyancing firm they must be approved by your bank. I am new to the process but I have an offer in principle via Halifax and I already have a family conveyancing solicitor in Tavistock in place. Can Birmingham Midhshires require an approved solicitor to be used? Does a list of panel solicitors even exist for my conveyancing in Tavistock?
You need to use a solicitor that is on the Birmingham Midhshires panel. The first thing to do is call your preferred Tavistock conveyancing lawyer to check if they are on the Birmingham Midhshires panel. If they are not on the panel you have a couple of choices open to you here:
- Complete the purchase with your chosen Tavistock conveyancer but Birmingham Midhshires will no doubt retain a lawyer from their conveyancing panel. The net result is additional fees and potential frustration.
- Get a new conveyancer to act in the purchase, not forgetting to check that they are on the Birmingham Midhshires conveyancing panel.
- Convince your property lawyer to do everything within their powers to get listed on the Birmingham Midhshires panel of solicitors.