We are about to exchange contracts for a ground floor flat in Neath Abbey. We encountered a snag. Our mortgage offer with Yorkshire Building Society runs out on 30/6/2025 but the vendors are putting forward a completion date of 2/7/2025. Is it possible to extend the loan expiry date?
The best person to deal with your concern is your lawyer who will calculate whether he or she is better off negotiating with the bank, seller’s conveyancers, property agents or conceivably all parties based on the circumstances your house move as of today.
I am purchasing a property and need a conveyancing solicitor in Neath Abbey who is on the Santander solicitor. Can you recommend a local 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 Santander in certain locations such as Neath Abbey. We dont recommend any particular firm.
is it true that all Neath Abbey conveyancing solicitors on the Aldermore conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Aldermore approved list of solicitors they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel and in such a situation the organisation would be regulated by the Council of Licensed Conveyancers.
I had a mortgage agreed in principle with Aldermore. Neath Abbey conveyancing solicitors are selected. How long does it take for Aldermore to send the offer to the solicitor?
There is no definitive answer here. Have Aldermore completed the valuation? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I had an offer accepted on a house in Neath Abbey on 12/3/2025, valuation was booked 4 days later, all came back fine. Solicitor instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have justdiscovered that Stirling Law have closed. They conducted my conveyancing in Neath Abbey for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The quickest way to check if the premises is registered to you, you can carry out 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 Neath Abbey conveyancing specialists.
I need to find a conveyancing solicitor for my conveyancing in Neath Abbey. I happened to chance upon a web site which appears to be the perfect offering If there is a chance to get all formalities completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
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 am employed by a busy estate agent office in Neath Abbey where we have witnessed a number of flat sales jeopardised due to leases having less than 80 years remaining. I have received inconsistent advice from local Neath Abbey conveyancing solicitors. Could you clarify whether the seller of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Neath Abbey Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
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This information is useful as a) areas could result in problems for the block as the communal areas may begin to deteriorate if repairs remain unpaid b) if the leaseholders have a dispute with the running of the building you will need to have complete disclosure Does this lease have in excess of 82 years unexpired? You should be aware if it is no more than 80 years it will have adverse implications on the value of the property. Check with your lender that they are content with the length of the lease. A short lease means that you will probably need a lease extension sooner rather than later and it is worth finding out what this will be. Remember, in most cases you would be required to have been the owner of the premises for a couple of years in order to be eligible to carry out a lease extension.