We were just about to sign contracts for a freehold house in Crook. We have hit a stumbling block. The loan offer with Accord Mortgages Ltd expires on 21/2/2025 but the sellers are insisting on a completion date of 25/2/2025. Is it possible to prolong the mortgage offer?
The best person to deal with your concern is your solicitors who is in a position to determine whether they should be discussing with the lender, vendor’s representatives, estate agents or indeed all parties based on the circumstances your house move as of today.
Can your site be used to find a Conveyancing solicitor in Crook even where I’m not buying or disposing of a house, for example where I wish to acquire a shop in Crook with a mortgage from Virgin Money?
The service is primarily there to get a quote from residential conveyancing solicitors in Crook but we have listed at the end of this page a selection of Crook commercial conveyancing firms. You will need to enquire with the solicitors directly to establish if they can also act for Virgin Money
How does conveyancing in Crook differ for new build properties?
Most buyers of new build residence in Crook come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because builders in Crook typically purchase the real estate, 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 conveyancers 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 Crook or who has acted in the same development.
I have been advised by numerous estate agents in Crook to locate a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to market your site over and above a competitor’s?
We refuse to offer any referral fee for sending work in our direction. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My wife and I have appointed a Crook conveyancing solicitor for our home move (first time buyers) and have noticed in the Ts and Cs that they are not governed by the Financial Conduct Authority. Am I right to be worried or is that usually the case with conveyancing practitioner?
We can't see why they should be. Most solicitor don't lend money. They will be governed by the Solicitors Regulation Authority, who have stringent rules in place on monies sitting in their bank.