We are a couple about to exchange contracts for a leasehold flat in Tredegar. We encountered a snag. Our mortgage offer with Chelsea Building Society runs out on 3/12/2021 but the owners are insisting on a completion date of 7/12/2021. Can one extend the loan expiry date?
The person best placed to deal with your concern is your solicitors who should determine if they corresponding with the lender, seller’s solicitors, estate agents or possibly all parties given the history of your transaction to date.
Finally the sale completed on my house in Tredegar last February but our buyer keeps calling daily to moan that their lawyer is waiting to hear from mine. What should have happened now that I have sold?
After completion of your disposal your conveyancer should deliver the transfer deeds and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also confirm that the mortgage has been repaid to the buyers lawyers. There are no post completion steps just for conveyancing in Tredegar.
How does conveyancing in Tredegar differ for newly converted properties?
Most buyers of new build property in Tredegar come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Tredegar typically acquire 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 property lawyers 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 Tredegar or who has acted in the same development.
Hoping to buy a property located in Tredegar and I am already nervous. I couldn't find anything specific about Tredegar. Conveyancing will be needed in due course but do you know about the Tredegar area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Tredegar. In the meantime here are some basic statistics that we found
How do I determine who is the owner of a property in Tredegar?
Provided the property is registered with the Land Registry, and you have enough information of the address of the premises, you will be able to view details from the HM Land Registry of the registered owner for a fee.