We are a couple about to exchange contracts for a semi detached house in Caversham. We have hit a problem. Our mortgage offer with Barnsley Building Society expires on 18/11/2020 but the vendors are insisting on a completion date of 20/11/2020. Is it possible to extend the loan expiry date?
The person best placed to address this issue is your lawyer who is in a position to calculate if he or she is better off negotiating with the lender, vendor’s lawyers, selling agents or conceivably all three given the history of your house move as of today.
I am selling my apartment in Caversham. Does the property lawyer have to be required to be on the HSBC conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
We are planning on selling our home in Caversham and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Caversham conveyancer would know this is not the case. For the life of me I don't know why the buyers used a web based conveyancing practice as opposed to a conveyancing solicitor in Caversham. We have lived in Caversham for 4 years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Caversham differ for new build properties?
Most buyers of new build property in Caversham approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Caversham tend to purchase the real estate, 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 conveyancing solicitors 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 Caversham or who has acted in the same development.
What does commercial conveyancing in Caversham cover?
Caversham conveyancing for business premises covers a wide range of services, supplied by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
The financial adviser has suggested using their property lawyer for my conveyancing in Caversham - won’t it be advisable to just use them?
It is not always the case and you are entitled to use whichever conveyancer you prefer for your Caversham home move. The solicitor suggested by an estate agent may not always be the right conveyancing practitioner, they may put forward their own conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.