We were just about to exchange contracts for a leasehold flat in Wimborne. We have hit a problem. The loan offer with Santander runs out on 4/7/2022 but the sellers are suggesting a completion date of 6/7/2022. Is it possible to prolong the loan offer?
The person best placed to deal with your concern is your lawyer who will assess if he or she is better off negotiating with the mortgage broker, seller’s representatives, selling agents or possibly all parties given what has happend in your transaction as of today.
We are due to move house in July. Does my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you put forward a removal company in Wimborne. Conveyancing lawyer was chosen before I stumbled across your website.
On the afternoon of completion you will need to collect the keys from your selling agent but this can only be done after the sellers solicitors inform the agent that they have the completion monies and the keys can be given over. Subsequently you can advise the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you choose a conveyancing in Wimborne or a firm with expertise in conveyancing in Wimborne.
I have a mortgage with Coventry BS for my property in Wimborne. Conveyancing has been completed a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Coventry BS?
You must advise Coventry BS prior to letting out your property as this is likely to be a breach of Coventry BS’s mortgage conditions. It may be that Coventry BS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. It should not be necessary to do this via a Coventry BS conveyancing panel lawyer.
I am due to exchange contracts on my apartment. I had a double glazing fitted in April 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Kent Reliance are being pedantic. The Wimborne solicitor who is on the Kent Reliance conveyancing panel is recommending indemnity insurance as a solution but Kent Reliance are requiring a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance 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.
A friend recommended that if I am purchasing in Wimborne I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Wimborne conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Wimborne around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Wimborne Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Wimborne Education with maps and statistics, Local Amenities and other useful information concerning Wimborne.
The deeds to our property can not be found. The lawyers who dealt with the conveyancing in Wimborne 4 years ago no longer exist. Will I be able to sell the house?
Nowadays there are duplicates made of almost everything, and your conveyancer should be aware precisely where to look for all the appropriate paperwork so you can purchase or sell your house without a hitch. Where duplicates are not available, your solicitor can put in place insurance or indemnities against possible claims on your property.
How does conveyancing in Wimborne differ for newly converted properties?
Most buyers of new build property in Wimborne come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Wimborne usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Wimborne or who has acted in the same development.
My husband and I are four weeks into a freehold purchase having been directed to a firm by the selling agent to execute conveyancing in Wimborne. We are not happy. Can you help me find new solicitors?
A conveyancer would have to be really bad to suggest replacing them. Has your mortgage been generated? In the event that it has you will need to advise them of the replacement solicitor and have the loan are re-issued. Your solicitor ideally should be on the lenders approved list to avoid supplemental fees and delays. So that should be your first question of the new conveyancers. Our search tool should help you find a lender approved conveyancer for your home move in Wimborne