We were just about to exchange contracts for a semi detached house in Chiswick. We encountered a stumbling block. The mortgage offer with Barclays Direct runs out on 14/6/2021 but the sellers are insisting on a completion date of 16/6/2021. Is it possible to prolong the loan expiry date?
The best person to address this question is your conveyancer who will calculate if they better off negotiating with the mortgage company, vendor’s lawyers, property agents or possibly all parties based on what has happend in your conveyancing as of today.
We are selling our flat in Chiswick. Will my conveyancing practitioner need to be required to be on the Coventry BS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS 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 currently.
My wife and I are in the process of looking at apartments in Chiswick and I am now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a home loan with Leeds Building Society.
It would be advisable to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are taking out a mortgage with Leeds Building Society, make sure you remember to check that your lawyer is on the Leeds Building Society conveyancing panel.
I've digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Chiswick solicitor - who is on the Skipton conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Skipton will need an independent valuation of the property. Your lawyer will not arrange this. Usually Skipton 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. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Chiswick postcode. As you are getting a mortgage with Skipton, you could contact them to see if they have a list of approved surveyors in Chiswick.
My sealed bid on a semi in Chiswick has been agreed to, but there is a chain. The owners have placed an offer on somewhere, but it’s not been accepted yet, and have viewings of other apartments in the pipeline. I have selected a nearby conveyancing solicitor in Chiswick. What do I do now? At what point do I apply for the mortgage with Virgin Money?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then valuation, Chiswick conveyancing search costs, etc). First, you should ensure that your lawyer is on the Virgin Money approved list. Concerning the next steps this very much depends on the circumstances of your case, motivation for this property and on the state of the market. In a hot market some purchasers would apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they ask their conveyancing practitioner to press on with the conveyancing in Chiswick.
The deeds to our home are lost. The lawyers who handled the conveyancing in Chiswick 5 years ago no longer exist. What do I do?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware precisely where to find all the appropriate paperwork so you can purchase or dispose of your property without a hitch. Where copies are not available, your solicitor can put in place insurance or indemnities against future claims on your premises.
Is it best to use a Chiswick conveyancing lawyer in close proximity to the house I am hoping to buy? We have a good friend who can conduct the legal formalities however his firm is located approximately 350kilometers away.
The benefit of a high street Chiswick conveyancing firm is that you can visit the firm to execute documents, hand in your ID and apply pressure on them where appropriate. They will also have local intelligence which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were happy that should surpass using an unknown Chiswick conveyancing lawyer just because they are Chiswick based.
We have recently had a bid accepted on our 1st house in Chiswick, and need to get solicitors lined up. I have utilised the numerous comparison based websites and the quotes are from all over the the UK. Is it critical to have a Chiswick solicitor local to the prospective house? We are willing to do everything electronically, but I am thinking at some stage we may need to physically go into the conveyancing practitioner's office to sign contracts?
Generally there is no requirement to physically visit the office of your solicitor, they can send any relevant papers to you, which you can sign and send back. Many home movers nevertheless opt to instruct a locally based solicitor, but it's by no means a prerequisite for conveyancing in Chiswick.