We were just about to sign contracts for a property in Billingham. We encountered a problem. Our mortgage offer with Chelsea Building Society runs out on 12/3/2025 but the vendors are suggesting a completion date of 14/3/2025. Is it possible to extend the loan expiry date?
The person best placed to address this issue is your lawyer who should assess whether he or she is better off negotiating with the bank, vendor’s conveyancers, property agents or indeed all parties taking into account the circumstances your house move as of today.
The Billingham conveyancing lawyers that I appointed last week on my purchase in Billingham have without warning closed. They were on acting for me because I had to have a solicitor on the Coventry BS conveyancing panel and my previous Billingham lawyer was not. I issued them a cheque for £250 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Coventry BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when purchasing a house in Billingham?
Unless a previous acquisition of the premises completed after 12 October 2013 you could expect solicitors carrying out conveyancing in Billingham to continue to advocate a chancel search and or insurance against a claim.
I have justbeen informed that Stirling Law have been shut down. They conducted my conveyancing in Billingham for a purchase of a leasehold apartment 10 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Billingham conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Billingham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Billingham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Billingham you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Billingham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My husband and I are disposing of a Billingham house left to us 5 years ago in 2012. I have over 15 years conveyancing know-how and, now retired, see no reason not to do the legal work. The buyer's lawyer has informed me that their bank will not allow us to do our own conveyancing mandating that the funds to be released via a solicitor's bank account.
Mortgage requirements to solicitors from all mainstream lenders state that If the vendor is not legally represented the buyer’s lawyers should check whether the mortgage company needs to be informed so that a decision can be made as to whether or not they are willing to move forward.