We were just about to exchange contracts for a semi detached house in Inkberrow. We have hit a problem. The loan offer with Virgin Money expires on 7/8/2025 but the owners are putting forward a completion date of 11/8/2025. Is it possible to extend the mortgage expiry date?
The best person to deal with your issue is your lawyer who will hopefully calculate if he or she is corresponding with the lender, seller’s solicitors, selling agents or conceivably all three based on the history of your house move to date.
We wanted to use a conveyancing solicitor in Inkberrow for our house move. Our broker has since notified us that our mortgage company Halifax won't deal with them. Surely this is unduly restrictive?
Before the recession most banks had an appetite for risk which was higher than today. Almost all Inkberrow conveyancing firms would have been on many mortgage company panels. The financial services regulator in 2010 carried out a thematic review into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more information from law firms concerning their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum amount of transactions. Many Inkberrow conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Inkberrow is amongst the numerous locations where the solicitors showing on our search results are are approved Halifax.
I am assisting my niece sell her property in Inkberrow. Will the conveyancing solicitor commission an energy performance certificate or it is for the owner to coordinate?
Following the abolition of Home Information Packs, energy assessments was left as a mandatory component of selling a property. An EPC needs to be to hand prior to the property being placed on the market. It is not as aspect of the sale process that law firms normally arrange. Where you are instructing a Inkberrow conveyancing lawyer they may be willing to arrange EPC’s due to their contacts with long established local assessors
My aunt informed me that in purchasing a property in Inkberrow there could be a number of restrictions prohibiting external changes to a property. Is this right?
There are anumerous of properties in Inkberrow which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Inkberrow should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have a mortgage agreed in principle with Santander. Inkberrow conveyancing practitioners are instructed. How long does it take for Santander to issue the offer to the lawyer?
Some lenders take longer than others. Have Santander done the valuation? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Is it necessary to take out insurance to cover chancel repairs when purchasing a residence in Inkberrow?
Unless a previous purchase of the house completed post 12 October 2013 you can take it that conveyancing practitioners conducting conveyancing in Inkberrow to remain encouraging a chancel search and or insurance against a claim.
I have todaybecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Inkberrow for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can carry out 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 Inkberrow conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Inkberrow is where the house is located. Can you shed any light on this issue?
Flying freeholds in Inkberrow are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Inkberrow you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Inkberrow may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.