We are about to exchange contracts for a ground floor flat in Gamlingay. We encountered a problem. Our mortgage offer with Chelsea Building Society expires on 16/3/2026 but the vendors are putting forward a completion date of 18/3/2026. Is it possible to extend the mortgage offer?
The person best placed to address this question is your conveyancer who is in a position to calculate whether he or she is better off negotiating with the mortgage broker, seller’s conveyancers, estate agents or possibly all three taking into account the history of your conveyancing as of today.
we are a couple who are purchasing a 2 bedroom flat in Gamlingay with a mortgage from Santander.We would like to retain our Gamlingay conveyancing lawyer but Santander advised that he's not listed on their "panel". We have to appoint a Santander panel lawyer or retain our high street solicitor and fork out for a Santander panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Santander use our lawyer?
No, not really. The home loan issued to you contains various provisions, a common one being that solicitors will be on the Santander solicitor panel. in the past, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Santander
What is the difference between a licensed conveyancer and conveyancing solicitor in Gamlingay
Two types of professional can execute conveyancing in Gamlingay namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that you need to complete the disposal or acquisition of property. Both are duty bound to conduct Gamlingay conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly conducted and that all necessary procedures should be suitably adhered to.
This question may be naive but I am unexperienced as a 1st time buyer of a two bedroom flat in Gamlingay. Do I receive the keys to the property on the completion date from my solicitor? If this is the case, I will instruct a local conveyancing solicitor in Gamlingay?
On the day of completion you do not need to go to the conveyancers office in Gamlingay. Your solicitors will arrange to send the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be called to pick up the keys from the selling Agents and move into your new home. Usually this occurs between 1 and 3pm.
Is it the case that all Gamlingay solicitor practices on the Co-operative conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Co-operative conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
Are there restrictive covenants that are commonly identified during conveyancing in Gamlingay?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Gamlingay. 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've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Gamlingay is where the house is located. Can you offer any opinion?
Flying freeholds in Gamlingay are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Gamlingay you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gamlingay 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 premises.