We are about to sign contracts for a freehold house in Maxton. We have hit a snag. The loan offer with Britannia runs out on 13/12/2021 but the owners are suggesting a completion date of 15/12/2021. Is it possible to extend the mortgage offer?
The best person to deal with your question is your solicitors who is in a position to assess whether he or she is should be discussing with the bank, seller’s conveyancers, estate agents or possibly all parties taking into account the circumstances your transaction as of today.
How does conveyancing in Maxton differ for newly converted properties?
Most buyers of new build residence in Maxton approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Maxton 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 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 Maxton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Maxton is the location of the property. Is there any advice you can give?
Flying freeholds in Maxton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Maxton you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maxton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking into buying my first house which is in Maxton and I am already nervous. I couldn't find anything specific about Maxton. Conveyancing will be needed in due course but do you know about the Maxton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Maxton. In the meantime here are some basic statistics that we found
I need to find a conveyancing solicitor for purchase conveyancing in Maxton. I have chance upon a web site which appears to be the perfect offering If it is possible to get all the legals done via phone that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I acquired a property in Maxton last 15/9/2020 and to date it is still not registered with HM Land Registry. It is part of a new estate and my solicitor told me that it may take 12 months to complete the registration formalities. I have called HM Land Registry directly and they have informed me the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your conveyancer that you should contact in order to satisfy any issues which have arisen as part of the registration process for your Maxton property. Normal Maxton conveyancing practice includes an undertaking on the part of the previous owner’s lawyer that they will help resolve any requisition raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.