We are about to exchange contracts for a property in Farnborough. We encountered a snag. Our loan offer with Coventry Building Society runs out on 20/1/2023 but the owners are suggesting a completion date of 24/1/2023. Is it possible to extend the mortgage offer?
The person best placed to deal with your issue is your conveyancer who will hopefully assess if they better off negotiating with the mortgage broker, owner’s representatives, estate agents or conceivably all three taking into account the circumstances your transaction to date.
We are getting the release of further monies on our mortgage from Clydesdale as we wish to conduct improvements to our property in Farnborough. Are we obliged to appoint a nearby Farnborough solicitor on the Clydesdale conveyancing panel to deal with the legals?
Clydesdale would not normally appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale conveyancing panel.
After much negotiation I have agreed a price on an apartment in Farnborough. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £200. Shortly after, the solicitor contacted me embarrassingly acknowledging that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am selling my apartment. I had a double glazing fitted in October 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Barclays are being a right pain. The Farnborough solicitor who is on the Barclays conveyancing panel is saying indemnity insurance will be fine but Barclays are requiring a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I require fast conveyancing in Farnborough as I have a deadline to sign on the dotted line within one month. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not taking a mortgage you have the choice not to do searches although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Farnborough the following are examples of issues that can show up and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
I'm buying a new build house in Farnborough with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about this side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
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.
How difficult is it to change solicitor as I need to choose a firm on the Accord Mortgages Ltd conveyancing panel. I instructed a local conveyancing solicitor in Farnborough round the corner but she is not approved by Accord Mortgages Ltd
It would be our pleasure to assist you find a conveyancing solicitor in Farnborough on the Accord Mortgages Ltd panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Farnborough. Using search facility on this website, you can contrast fees for conveyancing solicitors in Farnborough and beyond.
I am looking for a conveyancing solicitor in Farnborough for my home move. Is there any facility to see a firm’s complaints history with the legal regulator?
One can review published Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.