We were just about to exchange contracts for a freehold house in Newham. We encountered a stumbling block. The mortgage offer with National Westminster Bank runs out on 7/5/2024 but the vendors are insisting on a completion date of 9/5/2024. Is it possible to extend the loan expiry date?
The person best placed to address this issue is your conveyancer who will determine if he or she is should be discussing with the lender, seller’s lawyers, selling agents or possibly all three taking into account what has happend in your transaction as of today.
My bank has recommended solicitors on their panel based in Newham but I would rather instruct a conveyancing lawyer in Newham or nearer to where I live. Can you assist?
It is by no means the case that all Newham conveyancing solicitors are on all lender’s conveyancing panel. Please make use of our search tool to find a Newham conveyancing firm on the on the lender panel.
I just bought a property at auction in Newham. Conveyancing is necessary. What happens now?
Now that you are exchanged you will need to appoint a conveyancing solicitor quickly as you will have a pending deadline in which to complete the deal. All auction property will have a bespoke legal set of papers. This will include evidence of title and search results. In the case of leasehold premises the legal papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You should pass this on to the conveyancer instructed by you as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the date specified in the contract.
I am buying a property in Newham. One unusual aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Lloyds your lawyer must check the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and lawyers are required to report to Lloyds where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties nationwide and is not isolated to Newham.
I have decided to exercise my right to buy my property in Newham off the council. I have a mortgage agreed with Barclays. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
I used Stirling Law a few years past for my conveyancing in Newham. Now, I need the files however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Newham of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm remortgaging my current property to a BTL mortgage with Skipton Building Society and I will use the rest of the raised equity towards another house. The neighborhood we are interested in is Newham. Will your solicitors be able to act for the two lenders and tie in the conveyances?
Make use of our search tool on this site to be sure that the solicitors are on the relevant lender panels. On the basis that they are your lawyer should be able to connect the two deals but you should have a chat with you conveyancer and make apparent your expectations and requirements.
We are 17 days into a residential purchase having been recommend to conveyancers by the high street agent to carry out the conveyancing in Newham. I am not happy. Could you help me find new solicitors?
A lawyer would have to be really bad in order to consider diss instructing them. Has your mortgage been generated? In the event that it has you must inform them of the replacement solicitor and ensure the loan are re-sent. The conveyancer needs to be on the banks approved list to avoid added charges and delays. That should be your first question of the new lawyers. The find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in Newham