We are about to exchange contracts for a freehold house in Newent. We encountered a problem. The loan offer with Yorkshire Building Society expires on 2/7/2025 but the vendors are putting forward a completion date of 4/7/2025. Is it possible to extend the loan offer?
The person best placed to address this issue is your conveyancer who is in a position to assess if they corresponding with the bank, seller’s representatives, estate agents or indeed all parties based on the history of your conveyancing as of today.
We are purchasing a house and require a conveyancing solicitor in Newent who is on the Barclays conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Newent.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Newent. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then Santander will insist on your using a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
I completed on my house on 2 March and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Newent advises it would be concluded in less than a month. Are properties in Newent particularly slow to register?
There is nothing unique about conveyancing in Newent registration formalities. As opposed to being determined by geographic area, timeframes can differ according to the party submitting the application, whether there are errors and if the Land registry have to notify any 3rd parties. Currently roughly three quarters of submission are fully dealt with in less than three weeks but some can be subject to longer hold-ups. Historically registration is effected after the purchaser has moved in to the property so 'speed' is not always primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
Should I be suspicious that estate agents that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a High Street Newent conveyancing practice?
As with lots of professional services, often recommendations from family and friends can be most helpful. Nevertheless there are lots of players in a conveyancing deal; estate agents, financial adviser and mortgage companies may put forward conveyancers to retain. On occasion the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You have the right to choose your own lawyer. You need to be aware that some banks operate an approved list of lawyers you must use for the mortgage aspect of your transaction.
We're FTB’s - had an offer accepted, but the estate agent has warned us that the seller will only move forward if we appoint the agent's chosen conveyancers as they want an ‘expedited deal’. We would rather use a local conveyancer used to conveyancing in Newent
It is unlikely the sellers are behind this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Try to communicate with the vendors directly and explain that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you intend to appoint your preferred Newent conveyancing lawyers - rather thanthose that will give the estate agent a introducer fee or hit his conveyancing thresholds demanded by corporate headquarters.