We are a couple about to exchange contracts for a ground floor flat in Elm Park. We have hit a snag. The mortgage offer with Godiva Mortgages Ltd runs out on 9/3/2021 but the owners are suggesting a completion date of 11/3/2021. Can one prolong the loan expiry date?
The best person to deal with your issue is your solicitors who should determine whether he or she is better off negotiating with the mortgage broker, seller’s solicitors, estate agents or possibly all parties based on the circumstances your transaction as of today.
I am purchasing a house and require a conveyancing solicitor in Elm Park who is on the Godiva Mortgages Ltd conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Elm Park. We dont recommend any particular firm.
Will my lawyer be asking questions about flooding during the conveyancing in Elm Park.
Flooding is a growing risk for conveyancers carrying out conveyancing in Elm Park. There are those who acquire a house in Elm Park, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, but there are a various checks that may be initiated by the purchaser or by their lawyers which can figure out the risks in Elm Park. The conventional set of completed inquiry forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the vendor to find out if the property has suffered from flooding. If flooding has previously occurred which is not revealed by the seller, then a buyer may commence a claim for damages stemming from an inaccurate response. A buyer’s lawyers may also commission an environmental search. This should indicate whether there is any known flood risk. If so, more detailed inquiries should be made.
I used Stirling Law a few years past for my conveyancing in Elm Park. I now require my file however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Elm Park of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Elm Park differ for new build properties?
Most buyers of new build premises in Elm Park contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Elm Park 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 property lawyers 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 used to new build conveyancing in Elm Park or who has acted in the same development.
How does the Landlord & Tenant Act 1954 impact my business offices in Elm Park and how can your lawyers assist?
The 1954 Act affords a safeguard to business tenants, granting the legal entitlement to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Elm Park