We were just about to exchange contracts for a semi detached house in Sedgefield. We encountered a problem. Our loan offer with Bank of Ireland expires on 19/6/2024 but the vendors are suggesting a completion date of 21/6/2024. Is it possible to prolong the mortgage expiry date?
The best person to address this question is your lawyer who should determine whether they better off negotiating with the mortgage broker, vendor’s solicitors, property agents or indeed all parties taking into account the circumstances your house move as of today.
What is the difference between a licensed conveyancer and conveyancing solicitor in Sedgefield
Two types of professional can carry out conveyancing in Sedgefield namely licenced conveyancers or solicitors. The two can administer the legal services that you need to complete the disposal or acquisition of property. They are both required to handle Sedgefield conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all necessary procedures should be suitably taken.
I recently had an offer agreed on a house in Sedgefield. My mortgage broker recommended their conveyancers. I paid an upfront payment of £150. Not long after, the conveyancer contacted me sheepishly admitting that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am due to exchange contracts on my apartment. I had a double glazing fitted in June 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Yorkshire BS are being difficult. The Sedgefield solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are requiring a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I acquired my flat on 12 May and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Sedgefield said it would be concluded inside ten days. Are properties in Sedgefield particularly slow to register?
As far as conveyancing in Sedgefield registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can adjust subject to the party submitting the application, whether there are errors and whether the Land registry have to notify any interested parties. As of today approximately three quarters of submission are fully dealt with within two weeks but some can be subject to protracted hold-ups. Registration occurs after the new owner is living at the property therefore registration formalities is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Sedgefield I like with amenity areas and station nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Sedgefield for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
How easy is it to switch firm as I need to appoint a firm on the Nottingham Building Society conveyancing panel. I hired a local conveyancing solicitor in Sedgefield round the corner but the firm is not approved by Nottingham Building Society
We will our best to assist in finding you a conveyancing solicitor in Sedgefield on the Nottingham Building Society panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Sedgefield. In utilising the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Sedgefield.
Is it best to instruct a Sedgefield conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can deal with the legal work however his firm is located 400miles drive away.
The primary upside of using a high street Sedgefield conveyancing firm is that you can drop in to sign paperwork, deliver your ID and pester them where appropriate. Having local Sedgefield know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and the majority were impressed that should trump using an unknown Sedgefield conveyancing solicitor solely due to them being local.