We are a couple about to exchange contracts for a leasehold flat in Irthlingborough. We have hit a snag. The loan offer with Yorkshire Building Society runs out on 25/9/2024 but the sellers are putting forward a completion date of 27/9/2024. Is it possible to extend the loan expiry date?
The best person to address this issue is your lawyer who will determine if they corresponding with the mortgage broker, owner’s representatives, property agents or possibly all parties taking into account the circumstances your transaction to date.
When will exchange of contracts take place for purchase conveyancing in Irthlingborough and am I required to be at the conveyancers office?
Where you are near to one of the conveyancing solicitors in Irthlingborough you are welcome to attend to sign contracts. That being said, the law practices we recommend offer a nationwide conveyancing service and provide just as detailed and professional a job for you when dealing with you digitally. The executing of the property agreement is not the critical part. Signing on the dotted line is necessary for the firm to exchange contracts at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Irthlingborough)to be in the office at the appropriate time.
I'm purchasing my first flat in Irthlingborough with a mortgage from Santander. The sellers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not inform my lawyer about the side-deal as it will jeopardize my loan with Santander. Do I keep my lawyer in the dark?.
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.
Due to the advice of my in-laws I had a survey completed on a house in Irthlingborough ahead of appointing lawyers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders tend refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you contact us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Irthlingborough. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be suspicious about brokers that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a High Street Irthlingborough conveyancing company?
As with lots of service providers, often referrals from family and friends can be extremely useful or valuable. Yet there are numerous players in a conveyancing deal; estate agents, mortgage brokers and lenders may recommend conveyancers to retain. Sometimes these lawyers might be known to one of the organisations as experts in their field, but sometimes there might be a financial incentive behind the endorsement. You are free to appoint your preferred conveyancer. However, bear in mind that some lenders specify a panel list of lawyers you must use for the lender aspect of your transaction.
I need to instruct a conveyancing solicitor in Irthlingborough for my home move. Is there any facility to review a firm’s record with the profession’s regulator?
You can see published Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.