We are a couple about to exchange contracts for a semi detached house in Redruth. We have hit a stumbling block. The mortgage offer with Accord Mortgages Ltd expires on 22/4/2026 but the owners are putting forward a completion date of 24/4/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your concern is your solicitors who is in a position to determine if he or she is corresponding with the lender, vendor’s lawyers, property agents or conceivably all three based on what has happend in your conveyancing to date.
In what way does my ID and proof of funds have anything to do with my conveyancing in Redruth? Is this really necessary?
You are right in these requests have nothing to do with conveyancing in Redruth. Nowadays you can not complete any conveyancing transaction in the absence providing evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are supplying your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not acceptable without the other.
Proof of the source of funds is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer will need to have this information on record. Your Redruth conveyancing solicitor will require evidence of proof of funds before they are able to accept any funds from you into their client account and they may also ask further questions regarding the source of monies.
My Conveyancer in Redruth has never been on on the Barclays Direct Conveyancing Panel. Can I still continue with my family solicitor even though they are not on the Barclays Direct approved list?
Your options are as follows:
- Complete the purchase with your preferred Redruth lawyers but Barclays Direct will need to retain a lawyer on their panel. This will result in additional overall conveyancing fees as well as cause frustration.
- Choose a new solicitor to act in the conveyancing, not forgetting to check they are on the Barclays Direct panel
There is lots of here about conveyancing in Redruth but can you isolate your top tip for selecting the right conveyancer in Redruth
We would encourage you not to base your choice on the cheapest Redruth conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Is there a list of Principality panel conveyancers in Redruth on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association sites. A small selection of lenders make their panel listings open the public online. If you are seeking to appoint a Redruth lawyer on the Principality please make the most of our tool.
The mortgage over my property is with Co-operative for my property in Redruth. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Co-operative?
Co-operative must be informed of your intention prior to renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. You need not do this via a Co-operative conveyancing panel lawyer.
I'm refinancing my current home to a BTL loan with Bank of Ireland and intend to use the remaining equity as a down payment on another house. The neighborhood we are looking at is Redruth. Will your conveyancers be able to act for the two lenders and link together the transactions?
Make use of our search tool on this site to check that the solicitors are on the relevant lender panels. Having checked that they are the lawyer should be able to connect the two deals but you should have a chat with you lawyer and make apparent your expectations and needs.
What are your top tips when it comes to appointing a Redruth conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Redruth conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Redruth conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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If the firm is not ALEP accredited then what is the reason?
Leasehold Conveyancing in Redruth - Examples of Queries before buying
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Does the lease have onerous restrictions? What is the service charge and ground rent on the flat? Are there any major works anticipated that will likely increase the maintenance charges?