We are a couple about to exchange contracts for a semi detached house in Colney Hatch. We encountered a snag. The loan offer with Accord Mortgages Ltd expires on 10/6/2025 but the sellers are suggesting a completion date of 12/6/2025. Can one prolong the mortgage offer?
The person best placed to deal with your question is your solicitors who will determine whether he or she is corresponding with the bank, vendor’s representatives, property agents or possibly all parties taking into account the history of your conveyancing to date.
Is it the case that all Colney Hatch solicitors on the Clydesdale conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Clydesdale conveyancing panel they would need to be overseen by the SRA. Many banks do list licenced conveyancers on their panel and in such a situation the practice would be regulated by the CLC.
I'm spending time looking at flats in Colney Hatch and I am now considering a potential offer. Is it advisable to have a solicitor on ‘stand by’? I will be getting a home loan with Nationwide.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are taking out a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
I am currently in the process of buying my council flat in Colney Hatch. I have a mortgage agreed with Nottingham. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
I'm purchasing a new build house in Colney Hatch with a mortgage from Nationwide Building Society. The builders refused to budge the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not disclose to my conveyancer about the side-deal as it could jeopardize my mortgage with the lender. 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.
What is different about your site and other online quote calculators for conveyancing in Colney Hatch?
At this site get a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Colney Hatch. Unlike many estate agents and brokerage sites we do not operate referral arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the highest commission, as opposed to the best value conveyancing in Colney Hatch
We are 3 weeks into a freehold purchase having been directed to conveyancers by the local agent to handle our conveyancing in Colney Hatch. I am am starting to be disappointed with the level of service. Can you you assist me in finding new conveyancers?
They would have to be really bad in order to consider changing them. Has your loan offer been generated? If so you must advise them of the new conveyancer and get the loan are issued to the new lawyers. Your new conveyancer needs to be on the mortgage company approved list to avoid escalating expenses and complications. That should be your starting point. Our search tool should assist you in finding a bank approved conveyancer for your home move in Colney Hatch
I am hoping to put an offer on a small detached house that seems to be perfect, at a great figure which is making it all the more appealing. I have subsequently been informed that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a leasehold house in Colney Hatch. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Colney Hatch ?
The majority of houses in Colney Hatch are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Colney Hatch in which case you should be shopping around for a Colney Hatch conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your lawyer will advise you fully on all the issues.
My wife and I have hit a brick wall in negotiating a lease extension in Colney Hatch. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to calculate the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Colney Hatch property is 90 & 96 Poplar Grove in June 2013. It was held by the Tribunal that the premium to be paid for the new lease in respect of each of the flats referred should be £17,942 This case affected 2 flats. The unexpired lease term was 68 years.