We are about to sign contracts for a semi detached house in Shenley. We encountered a stumbling block. The loan offer with National Westminster Bank runs out on 22/9/2025 but the vendors are insisting on a completion date of 24/9/2025. Is it possible to extend the loan offer?
The person best placed to deal with your concern is your solicitors who will hopefully assess whether he or she is should be discussing with the mortgage company, owner’s conveyancers, property agents or indeed all three taking into account the history of your house move as of today.
Why do I have to pay up front for conveyancing in Shenley?
If you are buying a property in Shenley your lawyer will request that you put them with funds to cover the search fees. Generally this is needed to cover the fees of the conveyancing searches. When the deposit is payable against the sale price then this should be required immediately ahead of exchange of contracts. The closing balance that is needed will be payable a few days ahead of the completion date.
I used Arc property Solicitors a few years ago for my conveyancing in Shenley. Now, I need my documents but the law firm is no longer operating. 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 Shenley of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing a new build house in Shenley with a mortgage from Britannia. The sellers would not move on the amount so I negotiated £7000 of additionals instead. The estate agent advised me not reveal to my lawyer about this side-deal as it may jeopardize my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Shenley is where the house is located. Is there any advice you can impart?
Flying freeholds in Shenley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shenley you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shenley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My cousin has recommend that I use his lawyers for conveyancing in Shenley. Should I use them?
Much as we are happy to recommend a Shenley conveyancing lawyer it’s preferable to select a conveyancing solicitor is to seek referrals from friends or relatives who have actually experience in using the conveyancer you're are thinking of instructing.