We were just about to sign contracts for a leasehold flat in Ingatestone. We encountered a snag. Our loan offer with Virgin Money expires on 28/11/2022 but the sellers are insisting on a completion date of 30/11/2022. Can one prolong the mortgage expiry date?
The best person to address this issue is your lawyer who is in a position to calculate if they corresponding with the bank, vendor’s lawyers, estate agents or possibly all three given the circumstances your transaction as of today.
I am purchasing a flat and require a conveyancing solicitor in Ingatestone who is on the Yorkshire Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Ingatestone. We dont recommend any particular firm.
I have recentlydiscovered that Stirling Law have closed. They conducted my conveyancing in Ingatestone for a purchase of a leasehold flat 9 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ingatestone conveyancing specialists.
I'm buying my first flat in Ingatestone with a mortgage from Barclays . The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not reveal to my solicitor about this extras as it may put at risk my mortgage with the bank. Is this normal?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in Ingatestone in advance of instructing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders may refuse to grant a loan on such a premises.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ingatestone. Conveyancing will be smoother if you use a solicitor in Ingatestone especially if they are accustomed to such properties in Ingatestone.
Being a leasehold owner I am liable for a service charge for my property in Ingatestone. Due to losing my job and personal issues I fell into arrears with payments. I negotiated a payment schedule but there remains a couple of currently outstanding.
I am under pressure to dispose of the property and I am worried this will jeopardize the sale if I have to pay off the amount due first. I'd like to sell up and subsequently pay them back with the proceeds - is this practicable?
Your conveyancer should be in a position to negotiate with the appropriate parties, and agree with them whether or not they would accept payment from completion monies. This is an example of why it might be good to instruct a property lawyer in Ingatestone as they may well have a strong line of communication with the parties.