We were just about to sign contracts for a freehold house in Harrold. We have hit a problem. Our loan offer with The Mortgage Works expires on 14/6/2021 but the vendors are insisting on a completion date of 16/6/2021. Is it possible to extend the mortgage expiry date?
The person best placed to address this question is your solicitors who is in a position to calculate if they better off negotiating with the mortgage company, seller’s lawyers, selling agents or possibly all three taking into account the history of your transaction as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Harrold? Is this really warranted?
In order to comply with Money Laundering Regulations any Harrold conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing where you reside.
Under Money Laundering Regulations, conveyancers are duty bound to validate not only the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We are planning to purchase with Earl Shilton BS. I popped in 3 or 4 high street firms but am struggling to find a Harrold conveyancing firm on the Earl Shilton BS approved list. Can you assist?
Please do make use of the find a lender approved solicitor tool on this web page. Pick the lender and type Harrold or your preferred area and you will see numerous conveyancers based in Harrold or nearest you.
I am the single recipient of my late father’s estate and I have everything in my name alone, including the house in Harrold. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership will be treated the same way as if I'd bought the property in March. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most banks would take a pragmatic view as this obligation chiefly exists to capture subsales or the wholesaling and assigning of properties.
My offer was accepted on an apartment in Harrold on 3/3/2021, valuation was booked 3 days after, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Clydesdale and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Clydesdale conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
Our offer on a semi in Harrold has been agreed to, but there is a chain. The owners have put an offer on a flat, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have instructed a high street conveyancing solicitor in Harrold. What do I do now? When should I get the mortgage application with Aldermore started?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, Harrold conveyancing search fees, etc). The first course of action is to check that your conveyancing practitioner is on the Aldermore conveyancing panel. Concerning the next phase this very much dictated by the specifics of your case, desire for this property and on the state of the market. In a buoyant market the majority of purchasers will apply for the mortgage with Aldermore and arrange for the valuation and only if it comes back ok would they ask their solicitor to proceed with the conveyancing in Harrold.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in Harrold?
Unless a previous purchase of the property completed after 12 October 2013 you could assume that conveyancing practitioners carrying out conveyancing in Harrold to continue to recommend a chancel search and or chancel repair liability policy.
Hoping to buy a property located in Harrold and I am already nervous. I couldn't find anything specific about Harrold. Conveyancing will be needed in due course but do you know about the Harrold area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Harrold. In the meantime here are some basic statistics that we found