We were just about to sign contracts for a ground floor flat in Parkwood Springs. We encountered a problem. The mortgage offer with Santander runs out on 22/9/2025 but the sellers are suggesting a completion date of 24/9/2025. Is it possible to prolong the loan offer?
The best person to address this concern is your solicitors who should assess whether they corresponding with the mortgage company, seller’s representatives, selling agents or possibly all three based on what has happend in your transaction as of today.
My Solicitor in Parkwood Springs has never been on on the Bank of Scotland Approved Panel. Is it possible for me to continue with my family solicitor even though they are not on the Bank of Scotland panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Parkwood Springs lawyers but Bank of Scotland will need to retain a solicitor on their panel. This will result in additional total legal fees as well as cause delays.
- Find an alternative practitioner to act in the conveyancing, not forgetting to check they are Bank of Scotland approved.
- Persuade your Bank of Scotland based solicitor to attempt to join the Bank of Scotland panel
I need some expedited conveyancing in Parkwood Springs as I am under a deadline to complete in less than 3 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not obtaining a mortgage you are at liberty not to have searches carried out although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in Parkwood Springs the following are instances of issues that can arise and therefore impact future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Parkwood Springs I like with amenity areas and station nearby, however it's only got 49 remaining years left on the lease. There is not much else in Parkwood Springs in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I need to instruct a conveyancing solicitor for some conveyancing in Parkwood Springs. I have discover a web site which looks to be the ideal answer If there is a chance to get all this stuff done via phone that would be ideal. Do I need to be wary? What should out be looking out for?
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?