We are a couple about to sign contracts for a ground floor flat in Ferndown. We have hit a snag. The loan offer with Birmingham Midshires expires on 27/4/2026 but the owners are putting forward a completion date of 29/4/2026. Is it possible to extend the mortgage offer?
The best person to deal with your concern is your lawyer who should calculate if they should be discussing with the mortgage broker, owner’s representatives, property agents or indeed all parties given what has happend in your conveyancing to date.
Finally the sale completed on my house in Ferndown last January but our buyer keeps texting every few hours to say his lawyer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your sale your conveyancer is duty bound to deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your solicitor must also evidence that the mortgage has been redeemed to the purchasers conveyancers. There is unlikely to be post completion tasks just for conveyancing in Ferndown.
The deeds to our house can not be found. The conveyancers who handled the conveyancing in Ferndown 4 years ago no longer exist. What do I do?
These day there are duplicates made of almost everything, and your conveyancer should know precisely where to find all the appropriate documentation so you can buy or sell your house without any difficulty. If duplicates are not available, your lawyer can put in place insurance or indemnities protecting you against future claims on your property.
How does conveyancing in Ferndown differ for new build properties?
Most buyers of new build residence in Ferndown contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Ferndown typically buy 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 conveyancers 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 Ferndown or who has acted in the same development.
I am selling my house. My past solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Ferndown if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Ferndown. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
We own a leasehold flat in Ferndown. Conveyancing was finalised in five years ago. I have read on a number of advice forums that I mustn’t let the lease length fall too low. Why is that a problem?
Ferndown domestic long term leases are for a set period - often ninety nine years when they commenced. However many appartments in Ferndown were built or converted 25 or more years ago and so such leases now have under 80 years unexpired. This may sound like a long time however Banks, Building Societies and other mortgage companies on the whole require leases to have a minimum of seventy five years unexpired to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching seventy five years. To increase your property value you should be thinking about whether to extend your lease long before you come to sell it. Furthermore significant benefits to taking action before the lease hits 80 years as when the lease falls below 80 years the premium you have to pay to extend starts to increase.