We were just about to sign contracts for a freehold house in Kingsdown. We encountered a stumbling block. Our mortgage offer with Barnsley Building Society expires on 14/1/2025 but the sellers are insisting on a completion date of 16/1/2025. Is it possible to prolong the mortgage offer?
The person best placed to address this issue is your lawyer who is in a position to calculate if they corresponding with the lender, owner’s conveyancers, selling agents or possibly all parties taking into account the circumstances your conveyancing as of today.
I require quick conveyancing in Kingsdown as I am faced with a deadline to exchange contracts within 3 weeks. Fortunately I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not getting a mortgage you are at liberty not to have searches conducted although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Kingsdown the following are examples of issues that can appear and adversely impact market value: Refused Planning Applications, Outstanding Charges, Overdue Grants, Railway Schemes,...
How does conveyancing in Kingsdown differ for newly converted properties?
Most buyers of new build premises in Kingsdown contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Kingsdown typically purchase the site, 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 Kingsdown or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Kingsdown prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some lenders tend refuse to give a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kingsdown. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kingsdown to see if the conveyancing costs will increase in light of this.
Is it true that a Kingsdown conveyancing firm got sued by clients for not carrying out the right conveyancing searches?
Our attention has not be brought to such a Kingsdown conveyancing matter but according to a recent report, clients purchasing a house elsewhere in England successfully sued their conveyancing practitioner as a consequence of development permission to build a wind farm not being picked up in conveyancing searches.
If you are thinking of buying a home in Kingsdown It is critical that your solicitor carry out all Kingsdown conveyancing searches needed to ensure you have accurate and current information ahead of acquiring a property.