We are about to exchange contracts for a ground floor flat in Clent. We encountered a snag. Our mortgage offer with Chelsea Building Society runs out on 29/12/2025 but the owners are insisting on a completion date of 31/12/2025. Can one prolong the loan offer?
The person best placed to address this question is your conveyancer who should determine if he or she is should be discussing with the lender, owner’s lawyers, selling agents or indeed all parties given the history of your house move to date.
We are selling our flat in Clent. Does my lawyer have to be required to be on the Santander conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
I am downsizing from our property in Clent and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Clent lawyer would know this is not the case. For the life of me I don't know why the buyers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Clent. Having lived in Clent for 4 years we know that this is a non issue. Should we contact our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
It has been 2 months since my purchase conveyancing in Clent concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing my first flat in Clent with a mortgage from Norwich and Peterborough Building Society. The sellers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not inform my conveyancer about this deal as it would jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
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 have been advised by a few estate agents in Clent to get a quote from a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to promote your site over and above another?
We don’t give any financial incentive for sending work to this site. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.