We are a couple about to exchange contracts for a freehold house in Cirencester. We encountered a stumbling block. The loan offer with Platform Home Loans Ltd runs out on 18/9/2024 but the owners are suggesting a completion date of 20/9/2024. Can one extend the loan offer?
The person best placed to deal with your question is your solicitors who will hopefully determine if he or she is corresponding with the lender, vendor’s lawyers, estate agents or conceivably all parties based on the history of your transaction as of today.
I happen to be the single recipient of my late mum's will with all property in now in my sole name, including the my former home in Cirencester. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership will be considered the same way as if I'd bought the property in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How practical a view mortgage companies take of it, depend on the bank as this requirement is principally there to identify the purchase and immediately sell or the flipping of property.
Does a directory service exist listing Leeds Building Society panel conveyancers in Cirencester on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. Very few lending institutions make their panel listings viewable on the web. Where you are seeking to appoint a Cirencester conveyancing practitioner on the Leeds Building Society please make the most of our facility.
I have paid off my mortgage with RBS. I assume I don't need a Cirencester lawyer on the RBS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
A friend suggested that if I am purchasing in Cirencester I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Cirencester conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Cirencester around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Cirencester Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Cirencester.
I opted to have a survey completed on a house in Cirencester before appointing solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks will refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cirencester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cirencester to see if the conveyancing costs will increase in light of this.
I'm remortgaging my primary property to a buy to let loan with TSB and I will use the rest of the raised equity as a down payment on further house. The neighborhood we are looking at is Cirencester. Will your lawyers be able to act for the two lenders and link together the two deals?
Make use of our comparison tool on this page to ensure that the solicitors are on the relevant lender panels. On the basis that they are the conveyancer should be able to connect the two deals but you should talk with you solicitor and communicate your desired outcome and needs.
As co-executor for the will of my grandmother I am selling a house in Cardiff but live in Cirencester. My solicitor (approximately 200 miles awayneeds me to execute a statutory declaration before completion. Can you recommend a conveyancing solicitor in Cirencester who can attest and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are based in Cirencester