We were just about to sign contracts for a garden flat in Upminster. We encountered a problem. Our mortgage offer with Birmingham Midshires runs out on 22/4/2024 but the owners are putting forward a completion date of 24/4/2024. Is it possible to extend the mortgage expiry date?
The best person to address this issue is your conveyancer who should calculate if he or she is should be discussing with the bank, seller’s conveyancers, estate agents or possibly all parties taking into account the circumstances your transaction as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Upminster? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms of Engagement that you need to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to hand over ID verification documents, your conveyancer can not take you on as a client.
My father informed me that in buying a property in Upminster there may be various restrictions preventing external alterations to the property. Is this right?
We are aware of anumerous of properties in Upminster which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Upminster should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After weeks of negotiation I have agreed a price on a house in Upminster. My financial adviser pressured me to appoint their solicitor. I paid an on account payment of £175. Shortly after, the solicitor contacted me to say that they were not on the Yorkshire BS 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 Yorkshire BS 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.
About to purchase apartment in Upminster. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Upminster conveyancing practitioner is on the Kent Reliance conveyancing panel.
Various internet forums that I have visited warn that are the main reason for delay in Upminster conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Upminster.
In my capacity as executor for the will of my uncle I am selling a property in Monmouth but I am based in Upminster. My solicitor (who is 250 miles from mehas requested that I execute a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Upminster to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are based in Upminster
My offer on detached house in Upminster has been accepted, but there is a chain. The vendors have put an offer on a flat, however it’s not been accepted yet, and has viewings of other properties in the pipeline. I have chosen a nearby conveyancing solicitor in Upminster. What do I do now? When should I get the mortgage application with Barclays started with Barclays?
It is normal to have apprehensions where there is an associated chain as you are unlikely to want to incur expenses too early (mortgage application is approx £1k, then valuation, Upminster conveyancing search costs, etc). First, you should ensure that your lawyer is on the Barclays conveyancing panel. Regarding the subsequent stages this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. During a rising market many buyers will apply for a home loan with Barclays and pay for the valuation and only if it comes back ok would they request their conveyancer to press on with searches.