We were just about to sign contracts for a semi detached house in Enderby. We encountered a problem. Our mortgage offer with Barclays Direct expires on 9/3/2021 but the vendors are insisting on a completion date of 11/3/2021. Can one prolong the mortgage expiry date?
The person best placed to address this concern is your conveyancer who is in a position to determine if he or she is should be discussing with the mortgage broker, vendor’s solicitors, estate agents or possibly all parties based on what has gone on in your conveyancing as of today.
Do lawyers request an advanced payment when it comes to conveyancing in Enderby?
Where you are retaining lawyers for conveyancing in Enderby your lawyer will ask you to provide them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the sale price then this will be needed immediately before exchange of contracts. The final balance that is needed will be payable shortly before completion.
We had selected conveyancers locally in Enderby on the Clydesdale solicitor panel. They have just billed me a supplemental fee for dealing with the Clydesdale mortgage. Is this an additional conveyancing fee specified by Clydesdale?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner can charge a fee for this. The fee is not set by Clydesdale but by your Enderby solicitor. Some firms on the Clydesdale panel will charge ’dealing with mortgage’ fee and others do not.
We were going to get a AIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Enderby solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Enderby solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I was told three weeks ago that my mortgage has been agreed to by Lloyds. Is it usual for Lloyds to only issue the offer once my solicitor in Enderby is approved on their conveyancing panel? Lloyds have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
Just had an offer accepted on a new build apartment in Enderby. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Enderby
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants.
In what way can the Landlord & Tenant Act 1954 affect my commercial offices in Enderby and how can your lawyers assist?
The 1954 Act provides security of tenure to commercial tenants, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Enderby
How and when do I cover the costs of the Stamp Duty Land Tax payable for my Enderby house purchase?
Your solicitor will fill out a Land Transaction Return Form on your behalf during your Enderby purchase transaction for signature. On completion your conveyancing practitioner will submit your Land Transaction Return Form to the Tax Authorities and - assuming they have the funds - discharge any land tax due for you.