We are a couple about to exchange contracts for a leasehold flat in Norwich. We have hit a stumbling block. Our mortgage offer with HSBC Bank runs out on 13/1/2025 but the sellers are insisting on a completion date of 15/1/2025. Is it possible to extend the loan offer?
The best person to address this question is your solicitors who will hopefully calculate whether they corresponding with the bank, seller’s conveyancers, estate agents or indeed all three based on the circumstances your house move as of today.
Completed the sale of my flat in Norwich last November yet the purchaser is Skype messaging me to moan that their conveyancer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your sale your conveyancer should send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where relevant, your lawyer must also evidence that the mortgage has been paid off to the buyers lawyers. There are no post completion steps just for conveyancing in Norwich.
My lawyer in Norwich is not listed on the Aldermore Conveyancing Panel. Can I still use my prefered solicitor notwithstanding that they are not on the Aldermore panel?
Your options are as follows:
- Carry on with your existing Norwich lawyers but Aldermore will need to use a solicitor on their list of acceptable firms. This will inevitably rack up the overall legal charges and result in delays.
- Choose an alternative lawyer to to deal with the purchase, not forgetting to check they are on the Aldermore panel
When it comes to lenders such as UBS, do Norwich solicitors incur an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I was told four weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Norwich is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have instructed a Norwich property lawyer 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 Norwich 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 am 18 days into a residential purchase having been directed to conveyancers by the local agent to execute conveyancing in Norwich. I am am very frustrated with the quality of service. Can you you assist me in finding new lawyers?
A solicitor would need to be really poor to suggest changing them. Has your mortgage offer been generated? If so you will need to make them aware of the new contact details and have the mortgage documents are issued to the new lawyers. Your conveyancer needs to be on the mortgage company panel to avoid escalating expenses and delays. That should be your starting point. Our find a solicitor tool can assist you in finding a lender approved solicitor for your conveyancing in Norwich