We are about to sign contracts for a freehold house in Hornchurch. We have hit a problem. The loan offer with Coventry Building Society expires on 16/4/2026 but the sellers are insisting on a completion date of 20/4/2026. Is it possible to extend the loan expiry date?
The person best placed to address this question is your solicitors who should determine whether he or she is better off negotiating with the lender, vendor’s lawyers, selling agents or possibly all parties based on the circumstances your transaction to date.
My property lawyer in Hornchurch has never been on on the Coventry Building Society Conveyancing Panel. Is it possible for me to use my family solicitor notwithstanding that they are excluded from the Coventry Building Society list of approved lawyers?
Your options are as follows:
- Complete the purchase with your existing Hornchurch lawyers but Coventry Building Society will need to instruct a lawyer on their panel. This will inevitably rack up the overall legal charges as well as cause frustration.
- Choose an alternative lawyer to act in the purchase, obviously checking they are Coventry Building Society approved.
- Try to convince your Coventry Building Society solicitor to seek to join the Coventry Building Society panel
A friend recommended that where I am purchasing in Hornchurch I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Hornchurch conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Hornchurch around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Hornchurch Education with plans and statistics, Local Amenities and other useful data about Hornchurch.
Me and my brother purchased a semi-detached Georgian property in Hornchurch. Conveyancing lawyer acted for me and HSBC Bank. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the exact same address. Is it worth asking HSBC Bank to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hornchurch and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who conducted the purchase.
How does conveyancing in Hornchurch differ for newly converted properties?
Most buyers of new build premises in Hornchurch come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because developers in Hornchurch typically buy the site, 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 accustomed to new build conveyancing in Hornchurch or who has acted in the same development.
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