My wife and I are hoping to acquire a 2 bedroom flat in Tetbury with a mortgage. We have a Tetbury solicitor, but the bank advise he's not on their "panel". We have to appoint one of the bank panel firms or keep our Tetbury conveyancing practitioner and pay for one of their panel firms to represent them. We regard this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Tetbury conveyancing lawyer to apply to be on the conveyancing panel.
We are a couple about to sign contracts for a freehold house in Tetbury. We encountered a problem. The mortgage offer with Bank of Scotland runs out on 2/6/2026 but the owners are insisting on a completion date of 4/6/2026. Is it possible to extend the mortgage offer?
The best person to deal with your concern is your conveyancer who will hopefully determine if he or she is corresponding with the lender, vendor’s conveyancers, estate agents or conceivably all three based on the history of your house move to date.
What does my ID and proof of funds have anything to do with my conveyancing in Tetbury? What am I being asked for?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Tetbury. Nowadays you will not be able to complete any conveyancing transaction without first providing evidence of your identity. Ordinarily this 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 evidence of identification it must be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.
Evidence of the origin of monies is required in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to have this information on record. Your Tetbury conveyancing solicitor will require evidence of proof of funds prior to accepting any money from you into their client account and they may also ask additional queries concerning the source of funds.
A colleague recommended that if I am buying in Tetbury I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Tetbury conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Tetbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Tetbury.
My husband and I are FTB’s - agreed a price, yet the agent told us that the seller will only move forward if we instruct the agent's chosen lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a family solicitor used to conveyancing in Tetbury
It is highly unlikely the sellers are behind this. If they require ‘a quick sale', taking such a hostile approach to a motivated purchaser is is going to put the whole deal at risk. Contact the owners directly and make sure they understand (a)you are serious purchasers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you are going to appoint your preferred Tetbury conveyancing lawyers - not the ones that will earn their estate agent a introducer fee or achieve conveyancing targets demanded by HQ.
I have recently realised that I have 68 years left on my lease in Tetbury. I now wish to get lease extension but my freeholder is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to find the freeholder. On the whole a specialist may be useful to conduct investigations and prepare a report to be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Tetbury.
Tetbury Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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Please tell me if there are any major works on the horizon that will increase the maintenance costs? You should be aware that where the lease has fewer than 80 years it will impact the marketability of the flat. It is worth checking with your bank that they are content with the length of the lease. A short lease means that you will probably require a lease extension at some point and you need to have some idea of how much this would cost. For most Tetburylease extensions you will need to own the residence for two years before you are legally able to carry out a lease extension. Does the lease have more than 90 years remaining?