We were just about to sign contracts for a garden flat in South Petherton and Lambrook. We have hit a problem. Our mortgage offer with Yorkshire Building Society expires on 23/4/2025 but the sellers are insisting on a completion date of 25/4/2025. Can one extend the loan expiry date?

The person best placed to deal with your question is your solicitors who should calculate whether they should be discussing with the mortgage broker, vendor’s conveyancers, property agents or conceivably all parties given what has gone on in your house move to date.

I have an AIP. The bank mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would much rather use a South Petherton and Lambrook based conveyancing firm?

Do check but the the likelihood is that appoint one of their panel conveyancers where you accept the "fee-free" incentive. Call the lender to determine if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in South Petherton and Lambrook.

This question may be naive but I am new to the process as a first time purchaser of a ground floor flat in South Petherton and Lambrook. Do I receive the keys to the property on completion from my lawyer? If this is the case, I will find a High Street conveyancing solicitor in South Petherton and Lambrook?

On the day of completion you do not need to attend the conveyancers office in South Petherton and Lambrook. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you will be able to pick up the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.

I am currently in the process of buying my council flat in South Petherton and Lambrook. I have a mortgage offer with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.

I was told three weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in South Petherton and Lambrook is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.

I need some quick conveyancing in South Petherton and Lambrook as I have an ultimatum to exchange contracts inside one month. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?

As you are not getting a mortgage you are at free not to do searches although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in South Petherton and Lambrook the following are examples of what can show up and therefore affect future saleability: Enforcement Notices, Overdue Charges, Overdue Grants, Unadopted Roads,...

I have just started marketing my 2 bed apartment in South Petherton and Lambrook. Conveyancing is yet to be initiated, however I have recently received a half-yearly service charge invoice – what should I do?

It best that you pay the service charge as normal given that all rents and maintenance payments will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

South Petherton and Lambrook Leasehold Conveyancing - A selection of Questions you should ask before Purchasing

What is the name of the managing agents? Is the freehold owned collectively by the leaseholders?