We are a couple about to sign contracts for a ground floor flat in Berkshire. We have hit a problem. Our mortgage offer with Nottingham Building Society expires on 28/4/2025 but the owners are insisting on a completion date of 30/4/2025. Can one prolong the mortgage expiry date?
The best person to deal with your question is your lawyer who is in a position to calculate if he or she is should be discussing with the bank, seller’s representatives, estate agents or conceivably all three based on what has happend in your conveyancing to date.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Berkshire so that I can pop in to their offices when needed.
Whereas this was necessary 15 years ago, most mortgage companies no longer require their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to supply identification documents and there are still manifest advantages to choosing a local ayer, in your situation a conveyancing solicitor in Berkshire.
We expect to receive a DIP from Nottingham this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nottingham recommend any Berkshire solicitors on the Nottingham conveyancing panel, or is it better to go independently?
You will need to appoint Berkshire solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
I'm at the point of viewing flats in Berkshire and I am about to put in an offer. Is it best to have my property lawyer on ‘stand by’? I will be getting a mortgage with Barclays.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are seeking a mortgage with Barclays, make sure you remember to check that your lawyer is on the Barclays conveyancing panel.
I have instructed a Berkshire conveyancer having made sure that they are on the Leeds Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Berkshire surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I completed on my flat on 7 June and the transaction details is yet to be registered. Should I be concerned? My conveyancing solicitor in Berkshire expressed confidence that it should be concluded in less than a month. Are properties in Berkshire uniquely lengthy to register?
There is nothing unique about conveyancing in Berkshire registration formalities. Rather than based on location, timescales can vary according to who lodges the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. At present roughly 80% of submission are fully addressed within two weeks but some can be subject to longer hold-ups. Registration takes place once the buyer has moved in to the property thus registration formalities is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
My company is looking to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no charges for commercial conveyancing in Berkshire for less than 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Berkshire, including the disposal and acquisition of businesses as well as simply premises. If you are intending to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and terms of the deal. Please provide us with your contact information or phone us so that we may furnish you with comprehensive commercial conveyancing calculation.