My husband and I are intent on buying property in Rossendale. My property lawyer has never been on on the bank conveyancing list. Can I still appoint my Rossendale conveyancing solicitor even though they are excluded from the mortgage company approved list?
You have a couple of alternatives available to you here
- Complete the deal with your chosen Rossendale conveyancing practitioner but your lender will need to instruct a conveyancing practitioner on their approved list. The net result is additional cost and potential delay.
- Choose a new lawyer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your conveyancing practitioner to seek to join the mortgage company panel
We are a couple about to sign contracts for a property in Rossendale. We have hit a snag. Our loan offer with HSBC Bank expires on 1/10/2025 but the vendors are suggesting a completion date of 3/10/2025. Can one prolong the mortgage offer?
The best person to deal with your concern is your solicitors who is in a position to determine if they better off negotiating with the bank, seller’s representatives, property agents or possibly all parties based on the history of your house move as of today.
Should lawyers ask for an advanced payment for my conveyancing in Rossendale?
Where you are retaining lawyers for conveyancing in Rossendale your solicitor will ask you place them with monies to cover the search fees. Generally this is asked for to cover the fees of the conveyancing searches. If any deposit is as part of the total price then this should be asked for immediately prior to exchange of contracts. The closing balance that is due will be payable a couple of days prior to the completion date.
I used Stirling Law a few years ago for my conveyancing in Rossendale. I now require my papers however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Rossendale of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a ground for flat up to £305k and identified one round the corner in Rossendale I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Rossendale in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage that many years will be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
Am I best advised to use a Rossendale conveyancing practitioner based in the area that I am buying? An old friend can conduct the legal formalities but her office is 300miles away.
The benefit of a local Rossendale conveyancing firm is that you can pop in to sign documents, present your ID and apply pressure on them where appropriate. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and in the main were content that must trump using an unfamiliar Rossendale conveyancing solicitor just because they are round the corner.