I can't travel far from Yarm. What is the rationale as to why all Yarm conveyancing practitioners are not on all mortgage company panels?
As inequitable as it may seem for lenders to limit who can act for them, from the public’s or solicitor’s viewpoint, the the contrary view is that mortgage companies are increasingly anxious and regard it imperative to defend themselves from mortgage fraud. As a consequence of this concern mortgage companies are limiting their conveyancing panel to a manageable size.
We were just about to sign contracts for a freehold house in Yarm. We have hit a stumbling block. Our mortgage offer with Nationwide Building Society runs out on 8/10/2025 but the vendors are insisting on a completion date of 10/10/2025. Can one extend the mortgage expiry date?
The person best placed to deal with your question is your lawyer who will hopefully assess if they better off negotiating with the mortgage company, vendor’s solicitors, property agents or possibly all three taking into account the circumstances your transaction as of today.
It is 10 years ago since I acquired my house in Yarm. Conveyancing solicitors have recently been appointed on the sale but I can't locate my title documents. Is this a problem?
Don’t worry too much. First there is a possibility that the deeds will be kept by your lender or they could stored with the solicitor who acted in your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. The vast majority of conveyancing in Yarm relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
Due to the encouragement of my in-laws I had a survey completed on a house in Yarm prior to retaining solicitors. 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 this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Yarm. Conveyancing will be smoother if you use a solicitor in Yarm especially if they are familiar with such properties in Yarm.
Is there anything unique about your site and other online quote calculators when it comes to conveyancing in Yarm?
At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Yarm. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you instruct them for your home move in Yarm