We are a couple about to sign contracts for a leasehold flat in Haydock. We encountered a problem. The mortgage offer with Nationwide Building Society runs out on 21/9/2026 but the vendors are suggesting a completion date of 23/9/2026. Can one extend the loan expiry date?
The person best placed to address this issue is your solicitors who will assess whether they better off negotiating with the bank, vendor’s lawyers, property agents or indeed all parties based on the circumstances your transaction to date.
I have an AIP. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to use a Haydock based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel lawyers where you take up the "fee-free" incentive. Call the lender and determine if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Haydock.
When it comes to mortgage companies such as HSBC, do Haydock property lawyers have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
We previously instructed conveyancers located in Haydock on the Coventry BS solicitor approved list. They are now charging me a further sum for the legal aspects of the Coventry BS mortgage. Is this an additional conveyancing fee set by Coventry BS?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancer may levy a fee for this. This charge is not dictated by Coventry BS but by your Haydock conveyancing practitioner. Numerous firms on the Coventry BS panel will levy an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.
After shopping around on the internet I have found a Haydock property lawyer having made sure that they are on the Clydesdale conveyancing panel. Does my lawyer arrange the survey of the property?
Clydesdale will need an independent valuation of the property. Your lawyer will not arrange this. Usually Clydesdale will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Haydock surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Is it necessary to take out insurance to cover chancel repairs when buying a residence in Haydock?
Unless a previous purchase of the property completed post 12 October 2013 you may take it that lawyers carrying out conveyancing in Haydock to remain encouraging a chancel search and or chancel repair liability policy.
I'm purchasing a new build house in Haydock with a mortgage from Britannia. The builders refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not disclose to my conveyancer about this extras as it may put at risk my loan with Britannia. 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.
My wife and I accepted an offer on a Haydock house we inherited six years ago in 2009. I have over a decades worth of conveyancing know-how and, now retired, intend to carry out the conveyancing. The buyer's lawyer has informed me that their building society will not allow you to do your own conveyancing as they require the funds to be sent to a solicitor's bank account.
Mortgage requirements to solicitors from all mainstream lenders specify that If the vendor is not legally represented the borrower's lawyers should check whether the bank needs to be informed so that a decision can be reached as to whether or not they are prepared to move forward.