We are about to exchange contracts for a leasehold flat in Dorridge. We encountered a snag. Our mortgage offer with Britannia expires on 19/6/2024 but the sellers are suggesting a completion date of 21/6/2024. Can one prolong the loan expiry date?
The person best placed to deal with your question is your conveyancer who is in a position to assess whether they corresponding with the lender, seller’s solicitors, selling agents or possibly all parties based on the circumstances your transaction to date.
Why is leasehold purchase conveyancing in Dorridge is more expensive?
Dorridge leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Do I need to pop into the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Dorridge so that I can attend their offices if necessary.
Most conveyancing panel lawyers for lenders conduct the vast majority of communications through Royal Mail, internet or over the phone. This enables them to conduct the legal work for your home move no matter where you live in the country. Nevertheless you can see if you can still book an appointment to visit conveyancing lawyer if needed.
I am buying a property in Dorridge. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
As you are obtaining a mortgage with Clydesdale your lawyer must comply with the formal instructions contained in Section two of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and solicitors are required to report to Clydesdale where a lease fails to satisfy these conditions. The conditions relate to the installation of panels on properties in England and Wales and is not limited to Dorridge.
Completion of my purchase has taken place for my property in Dorridge. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Skipton have agreed my mortgage in principle, my bid on a property in Dorridge has been agreed to, what happens next?
The estate agent will wish to be advised as to your conveyancer's details (be sure the conveyancers are on the lender’s approved list). Call up Skipton or the financial adviser and finalise any appropriate documentation. Skipton will instruct a valuer who will get in touch with the selling agent or seller to schedule a time for the valuation to occur. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Skipton will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Dorridge.
I decided to have a survey completed on a property in Dorridge prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Dorridge. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the phrase cheap conveyancing in Dorridge it shows results of numerous solicitorsin the area. How do I determine which is the suitable conveyancer for purchase transaction?
The preferential way of finding a suitable conveyancer is through a personal referral, so enquire of friends and those you trust who have purchased a property in Dorridge or the reputable estate agent or mortgage broker. Costs for conveyancing in Dorridge vary, so it's advisable to obtain at least three estimates from different law firms. Be sure to secure confirmation that the costs are guaranteed not to rise.