We are a couple about to exchange contracts for a leasehold flat in Adlington. We have hit a snag. Our mortgage offer with Yorkshire Building Society expires on 7/11/2024 but the sellers are suggesting a completion date of 11/11/2024. Can one prolong the loan offer?
The best person to address this issue is your lawyer who should assess whether they corresponding with the bank, seller’s conveyancers, estate agents or indeed all parties taking into account what has happend in your house move as of today.
We hope to to buy with Coventry BS. We have called around locally but cant to find a Adlington conveyancing firm on the Coventry BS approved list. Can you help?
Please do make use of the search tool on this web page. Please choose the building society and type Adlington or your preferred area and you will be presented with numerous solicitors located in Adlington or by proximity to you.
If you had a top tip for choosing a conveyancing solicitor in Adlington what would it be?
We would encourage you not to base your choice on the cheapest Adlington conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Adlington?
There are many recorded licenced Conveyancers in Adlington and Solicitor firms in Adlington offering conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
At last I have had an offer on a maisonette in Adlington accepted, but there is a chain. The vendors have offered on on an apartment, however it’s not yet agreed to, and have viewings of other flats booked. I have chosen a local conveyancing solicitor in Adlington. What should be my next step? At what stage do I apply for the mortgage with Santander?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then valuation, Adlington conveyancing search costs, etc). First, you must ensure that your conveyancer is on the Santander approved list. Concerning the subsequent steps this very much dictated by the specifics of your case, motivation for this property and on the state of the market. During a buoyant market many home buyers would apply for a home loan with Santander and arrange for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to press on with searches.
How does conveyancing in Adlington differ for newly converted properties?
Most buyers of new build residence in Adlington come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Adlington usually acquire the land, 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 accustomed to new build conveyancing in Adlington or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Adlington prior to instructing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders tend refuse to grant a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can investigate further via 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 Adlington. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been pointed in your direction by numerous selling agents in Adlington to choose a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to promote your services over alternative conveyancing organisations?
We refuse to offer any commission for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.