We were just about to exchange contracts for a ground floor flat in Yarmouth. We encountered a stumbling block. The loan offer with The Mortgage Works expires on 1/12/2025 but the vendors are putting forward a completion date of 3/12/2025. Is it possible to prolong the loan expiry date?
The best person to deal with your concern is your lawyer who should assess if they better off negotiating with the mortgage broker, seller’s solicitors, selling agents or indeed all three taking into account what has gone on in your house move as of today.
is it true that all Yarmouth solicitors on the Nottingham conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Nottingham approved list of solicitors they would need to be governed by the SRA. Some banks do permit licenced conveyancers on their panel in which case such practice would be governed by the CLC.
How can we tell if a Yarmouth conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Yarmouth obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor conducting your conveyancing.
We have a mortgage agreed in principle with Clydesdale. Yarmouth conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from Clydesdale?
There is no definitive answer here. Have Clydesdale done the survey? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Are there restrictive covenants that are commonly picked up during conveyancing in Yarmouth?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Yarmouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey done on a property in Yarmouth prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some lenders will refuse to grant a loan on this type of property.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Yarmouth. Conveyancing may be slightly more expensive based on your lender's requirements.
My business partner and I are wishing to lease a unit on a shopping parade. Can you recommend lawyers offering fixed costs for non-domestic conveyancing in Yarmouth for below 1500k?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Yarmouth, including the sale and purchase of businesses as well as simply premises. If you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right solicitor. As for the fees this will depend on the structure and complexity of the deal. Let us have your contact information or email so as to enable us to provide you with comprehensive commercial conveyancing quote.
Should I choose a Yarmouth conveyancing lawyer in close proximity to the house I am buying? We have a good friend who can deal with the legal formalities but they are based over three hundred kilometers away.
The primary upside of using a local Yarmouth conveyancing practice is that you can drop in to sign paperwork, hand in your ID and pester them if necessary. They will also have local intelligence which is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that must outweigh using an unfamiliar Yarmouth conveyancing lawyer just because they are based in the area.