We are about to sign contracts for a garden flat in Aberdovey. We have hit a problem. The mortgage offer with Santander expires on 4/10/2021 but the vendors are suggesting a completion date of 6/10/2021. Is it possible to prolong the loan expiry date?
The person best placed to address this concern is your conveyancer who will hopefully calculate whether they corresponding with the mortgage company, owner’s solicitors, estate agents or conceivably all three taking into account the history of your conveyancing to date.
Do banks and building societies provide you with an approved list of Aberdovey conveyancing solicitors? How do you know who is on the Barclays conveyancing panel?
Aberdovey conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
I have justbeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Aberdovey for a purchase of a freehold house 18 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Aberdovey conveyancing specialists.
I am buying a new build house in Aberdovey benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not disclose to my lawyer about this deal as it will jeopardize my mortgage with Barnsley Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a ground for flat up to £195,000 and identified one near me in Aberdovey I like with open areas and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Aberdovey for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I dont have enough spare money to pay a 10% deposit on my house purchase in Aberdovey , but I am anxious proceed. Do I have options?
One option is to try and agree a lower deposit. Many vendors will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment