We are about to sign contracts for a semi detached house in Ealing. We encountered a problem. Our loan offer with Chelsea Building Society runs out on 11/3/2021 but the owners are suggesting a completion date of 15/3/2021. Can one extend the mortgage offer?
The person best placed to deal with your issue is your conveyancer who is in a position to determine if he or she is better off negotiating with the lender, vendor’s lawyers, selling agents or indeed all three based on the history of your house move to date.
I am purchasing a semi-detached house in Ealing. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Ealing you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Ealing.
I am purchasing a new build house in Ealing with a mortgage from Birmingham Midshires. The builders would not budge the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not disclose to my conveyancer about the side-deal as it will impact my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the guidance of my in-laws I had a survey completed on a property in Ealing before retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks may refuse to issue a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ealing. Conveyancing will be smoother if you use a solicitor in Ealing especially if they are acquainted with such properties in Ealing.
Should I be wary about 3rd parties that I am dealing with are encouraging me to use a web based conveyancing firm rather than a High Street Ealing conveyancing firm?
As with lots of professional services, often recommendations from family and friends can be worth their weight in gold. Nevertheless there are numerous parties with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and banks may recommend lawyers to use. Sometimes the solicitors might be known to one of the organisations as being good in their field, but occasionally there exists a commercial relationship behind the recommendation. You are free to select your own conveyancer. You need to be aware that the majority of banks operate an approved list of conveyancers you have to use for the lender related work in your house move.
As co-executor for the estate of my father I am disposing of a property in Newport but I am based in Ealing. My solicitor (based 300 miles from meneeds me to execute a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Ealing who can attest this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Ealing based