We were just about to sign contracts for a property in Idle. We encountered a stumbling block. Our loan offer with Aldermore runs out on 8/9/2025 but the vendors are insisting on a completion date of 10/9/2025. Can one extend the loan offer?
The best person to address this question is your lawyer who is in a position to calculate if he or she is better off negotiating with the mortgage broker, vendor’s representatives, property agents or indeed all three based on the history of your conveyancing as of today.
At what point does exchange of contracts happen for domestic conveyancing in Idle and am I required to be at the conveyancers office?
Where you are near to one of the conveyancing solicitors in Idle you are invited in to sign the paperwork. However, the lender approved solicitors we recommend offer a national conveyancing service and provide as equally diligent and professional a job for you when communicating with you digitally. The executing of the contract is not the critical part. A signed contract is necessary for the solicitor to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Idle)to be in the office available at the end of the phone to exchange contracts.
I'm buying a new build house in Idle with a mortgage from Halifax. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not to tell my solicitor about this extras as it will jeopardize my mortgage with the lender. 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.
Is it simple use your search tool to choose a conveyancing solicitor in Idle on the authorised to act for my bank?
First select a mortgage company such as Santander, Norwich and Peterborough Building Society or Barclays Direct then type in your preferred area for instance Idle. Conveyancing organisations in Idle and further afield will then be listed.
Back In 2009, I bought a leasehold flat in Idle. Conveyancing and Alliance & Leicester mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Idle who acted for me is not around. What should I do?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to instruct a Idle conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a 2 bed flat in Idle, conveyancing was carried out December 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Idle with a long lease are worth £211,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ceases on 21st October 2093
With just 68 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
One month into a sale of a flat in Idle. Conveyancing solicitors are doing their job but we have been asked to pay a fortune from the freeholder. So far we have forked out £295.50 for a leasehold management information and then a further £118 for supplemental queries supplied by the purchaser's conveyancing practitioner.
Neither you or your lawyer will have any say over the extent of the fee for this information but the typical costs for the information for Idle leasehold property is £360. For Idle conveyancing deals it is usual for the vendor to pay for these charges. The landlord or their agents are under no statutory obligation to answer such questions most will be willing to do so - albeit often at high prices disproportionate to the work involved. Regretfully there is no statute that mandates set charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply the information.