We were just about to exchange contracts for a freehold house in Woburn Sands. We have hit a stumbling block. Our loan offer with Leeds Building Society expires on 23/1/2026 but the vendors are suggesting a completion date of 27/1/2026. Can one extend the mortgage expiry date?
The best person to deal with your concern is your lawyer who should determine if they better off negotiating with the lender, vendor’s lawyers, estate agents or conceivably all parties given the circumstances your conveyancing as of today.
Why do I have to pay up front when it comes to conveyancing in Woburn Sands?
If you are buying a property in Woburn Sands your lawyer will ask you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the total price then this will be required immediately prior to exchange of contracts. The closing balance that is due will be payable shortly before completion.
My wife and I have recently appointed a conveyancing solicitor in Woburn Sands. I I am struggling to find out whether they are accepted on the Virgin Money conveyancing panel. Can you advise?
You should call your solicitor and ask them if they are on the lender panel. Alternatively you should call Virgin Money who may be able to assist.
My relative recommended that where I am buying in Woburn Sands I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Woburn Sands conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Woburn Sands around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Woburn Sands Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Woburn Sands.
I have been on the look out for a ground for flat up to £235,500 and identified one close by in Woburn Sands I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Woburn Sands for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
In sourcing the internet for the words cheap conveyancing in Woburn Sands it reveals many solicitorslocally. How do I determine which is the right solicitor for the sale of my house?
The preferential way of finding the right conveyancer is through a trusted referral, so seek the opinion of colleagues and those you trust who have purchased a property in Woburn Sands or the respected estate agent or financial adviser. Costs for conveyancing in Woburn Sands differ, so it's a good idea to request at least three costs illustrations from different solicitors. Make sure that you know that the fees are fixed.