We were just about to sign contracts for a garden flat in Tamworth. We have hit a problem. The mortgage offer with Godiva Mortgages Ltd runs out on 1/7/2024 but the sellers are putting forward a completion date of 3/7/2024. Is it possible to prolong the mortgage offer?
The person best placed to deal with your concern is your conveyancer who should assess if they should be discussing with the bank, seller’s solicitors, property agents or possibly all three based on what has happend in your conveyancing to date.
My fiance and I are hoping to buy a purpose built apartment in Tamworth with a mortgage from Virgin Money.We would like to retain our Tamworth conveyancing solicitor but Virgin Money says she’s not listed on their "panel". It seems we have little choice but to instruct a Virgin Money panel lawyer or retain our high street solicitor and fork out for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that Virgin Money use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its various provisions, a common one being that solicitors needs to be on the Virgin Money solicitor panel. in the past, most lenders had large numbers of solicitors 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Virgin Money
Will our lawyer be asking questions regarding flooding during the conveyancing in Tamworth.
Flooding is a growing risk for conveyancers dealing with homes in Tamworth. There are those who purchase a property in Tamworth, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, however there are a various checks that can be initiated by the purchaser or by their lawyers which can give them a better appreciation of the risks in Tamworth. The standard information sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the owner to determine whether the premises has historically flooded. If the property has been flooded in past and is not notified by the seller, then a purchaser could commence a legal claim for losses as a result of such an inaccurate answer. A purchaser’s solicitors should also conduct an enviro search. This will higlight whether there is any known flood risk. If so, more detailed inquiries should be initiated.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Tamworth. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Tamworth
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I decided to have a survey carried out on a property in Tamworth prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some banks will not grant a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tamworth. Conveyancing may be slightly more expensive based on your lender's requirements.
Me and myfiance and I are in the market for an affordable conveyancing lawyer in Tamworth to buy a flat. I want to avoid being ripped off and there are many Tamworth conveyancing organisations out there...who's the best?
If you’ve not instructed a property lawyer in the past, a personal recommendation through relatives or friends is a preferable starting point and is often the best gauge of quality. Alternatively, view the Law Society’s online record of conveyancing solicitors in Tamworth or make use of our search facility to locate a conveyancing lawyer in Tamworth.