We were just about to exchange contracts for a ground floor flat in Dorset. We encountered a snag. The loan offer with Barclays Direct expires on 4/10/2022 but the sellers are suggesting a completion date of 6/10/2022. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your question is your lawyer who is in a position to calculate if they corresponding with the bank, owner’s solicitors, property agents or indeed all parties taking into account the history of your transaction as of today.
Can you explain why leasehold purchase conveyancing in Dorset is more expensive?
The conveyancing costs on a leasehold premises in Dorset is often greater when contrasted to a freehold residence. This is due to the supplemental time necessary in corresponding with the landlord and management company to obtain information about whether the rent and maintenance charges have been discharged and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.
Do I have to visit the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Dorset so that I can attend their offices if necessary.
As opposed to ten years ago, almost all banks no longer need their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to hand over identification documents and there are still manifest benefits to using a local solicitor, in your situation a conveyancing solicitor in Dorset.
I have been told that property searches are the main reason for delay in Dorset house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Dorset.
I have justfound out that Arc property Solicitors have closed. They conducted my conveyancing in Dorset for a purchase of a leasehold flat 10 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest way to see if the premises is in your name, you can make 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 Dorset conveyancing specialists.
Been on the hunt for a conveyancer for leasehold sale conveyancing in Dorset. We are selling, uncomplicated no mortgage to discharge, no hurry, currently vacant. Got an estimate from a conveyancing practitioner for £800 excluding VAT which is a little high considering its so straightforward. Can I pay less for conveyancing in Dorset?
As it’s a sale only, £425 + VAT should be about the lowest for sale conveyancing in Dorset.