We are a couple about to exchange contracts for a freehold house in Kirkbymoorside. We encountered a stumbling block. Our mortgage offer with Coventry Building Society runs out on 1/9/2025 but the owners are putting forward a completion date of 3/9/2025. Is it possible to prolong the loan expiry date?
The best person to deal with your issue is your solicitors who should determine if he or she is should be discussing with the lender, seller’s representatives, estate agents or possibly all parties based on the history of your transaction to date.
We expect to receive a AIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Kirkbymoorside solicitors on the Leeds Building Society conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Kirkbymoorside solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
I'm at the point of looking at apartments in Kirkbymoorside and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Virgin Money.
It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are obtaining a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
About to purchase flat in Kirkbymoorside. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Kirkbymoorside conveyancer is on the Lloyds conveyancing panel.
4 months have gone by following my purchase conveyancing in Kirkbymoorside took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to instruct a conveyancing lawyer in Kirkbymoorside for my remortgage. Is it possible to check a firm’s complaints history with the legal regulator?
You may search for presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.
Due to exchange soon on a basement flat in Kirkbymoorside. Conveyancing solicitors have said that they report fully tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Kirkbymoorside should include some of the following:
-
You should know whether the lease permits you to change or upgrade aspects of the property- you must know whether it applies to all alterations or just structural alteration, and whether consent is required You would want to receive a copy of the lease You should be advised what is to be regarded as a Nuisance as far as the lease is concerned Where does the liability rest for repairing the window frames Rent payments - how much and when is collected, and be on notice if this is subject to change
Kirkbymoorside Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing
-
What prohibitions exist in the Kirkbymoorside Lease? This information is important as a) areas can cause problems for the building as the communal areas may begin to deteriorate if services are not paid for b) if the leaseholders have a dispute with the managing agents you will want to have complete disclosure You should be aware if it is no more than eighty years it will impact the marketability of the flat. Check with your bank that they are happy with residual term of the lease. Leases with fewer than 80 years remaining means that you will almost definitely require a lease extension at some point and you need to have some idea of how much this would cost. Remember, in most cases you would need to own the property for two years before you are eligible to exercise a lease extension.
How and when do I incur the Stamp Duty Land Tax chargeable for my conveyancing in Kirkbymoorside?
Your conveyancing practitioner should complete a Land Transaction Return Form on your behalf during your Kirkbymoorside purchase transaction for signature. On completion your conveyancer will submit your Land Transaction Return Form to the Tax Authorities and - as long as they have the funds - settle any land tax due on your behalf.