I can't travel far from Woodbridge. I would like to know the understand why all Woodbridge conveyancers aren't automatically on all mortgage company panels?
As unjust as it may seem for lenders to restrict who can represent them, from the public’s or solicitor’s standpoint, the flip side is that lending institutions are increasingly anxious and feel it vital to protect them from illegal activities. As a consequence of this concern banks are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
We were just about to exchange contracts for a property in Woodbridge. We encountered a stumbling block. The mortgage offer with Aldermore expires on 24/11/2025 but the owners are insisting on a completion date of 26/11/2025. Can one extend the mortgage expiry date?
The person best placed to address this concern is your solicitors who will hopefully determine whether he or she is should be discussing with the bank, vendor’s representatives, property agents or indeed all parties taking into account what has gone on in your house move to date.
We are buying a property in Woodbridge. I might seem paranoid but how we can trust a conveyancer? At some point we have to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am due to exchange contracts on my flat. I had a double glazing fitted in January 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Santander are being difficult. The Woodbridge solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander 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.
Intending to buy a flat in Woodbridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC 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 Woodbridge solicitor is on the HSBC conveyancing panel.
How does conveyancing in Woodbridge differ for new build properties?
Most buyers of new build premises in Woodbridge contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Woodbridge tend to purchase 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 conveyancing solicitors 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 Woodbridge or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Woodbridge is where the house is located. Can you offer any assistance?
Flying freeholds in Woodbridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woodbridge you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodbridge 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 property.
I need to appoint a conveyancing solicitor for some conveyancing in Woodbridge. I happened to land on a site which looks to be the perfect offering If there is a chance to get all formalities done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?