We are about to sign contracts for a property in Lutterworth. We have hit a snag. Our loan offer with Bank of Ireland runs out on 16/11/2020 but the owners are putting forward a completion date of 18/11/2020. Is it possible to prolong the mortgage expiry date?
The person best placed to deal with your question is your conveyancer who will hopefully assess if he or she is corresponding with the mortgage company, seller’s representatives, estate agents or indeed all three based on the history of your conveyancing as of today.
I am considering applying for a Lloyds mortgage for purchase of a newly converted (under development) in Lutterworth with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Lloyds ?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I am expecting a DIP from Coventry BS 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 Coventry BS recommend any Lutterworth solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Lutterworth solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
Having read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Lutterworth solicitor - who is on the Santander conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Lutterworth postcode. As you are getting a mortgage with Santander, you could contact them to see if they have a list of approved surveyors in Lutterworth.
My offer on a house in Lutterworth has been agreed to, but there is a chain. The vendors have placed an offer on on an apartment, but it’s not been accepted yet, and have viewings of other apartments booked. I have chosen a nearby conveyancing solicitor in Lutterworth. What do I do now? At what point should I apply for the mortgage with Coventry BS?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of £1k, then valuation, Lutterworth conveyancing search fees, etc). The first thing to do is check that your conveyancer is on the Coventry BS approved list. Regarding the next steps this very much dictated by the uniqueness of your case, motivation for this property and on the state of the market. During a buoyant market many purchasers would apply for the mortgage with Coventry BS and arrange for the valuation and only if it comes back ok would they ask their conveyancing practitioner to proceed with the conveyancing in Lutterworth.
I note that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when acquiring a residence in Lutterworth? or Apparently there is an ancient law that means some homeowners residing in a parish church boundary may be liable to pay for repairs to the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Lutterworth?
Unless a previous acquisition of the property completed post 12 October 2013 you can assume that solicitors handling conveyancing in Lutterworth to remain encouraging a chancel search and or chancel repair liability insurance.
I have todaydiscovered that Action Conveyancing have closed. They conducted my conveyancing in Lutterworth for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The easiest 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 Lutterworth conveyancing specialists.
I am using a search engine for the term conveyancing in Lutterworth it shows results of many conveyancerslocally. With so much choice what is the best way to find the suitable property lawyer for me?
The preferential method of finding a suitable conveyancer is through a personal testimonial, so seek the guidance of friends and relatives who have acquired a property in Lutterworth or a reputable estate agent or mortgage broker. Charges for conveyancing in Lutterworth differ, so it's sensible to request at least three estimates from different solicitors. Make sure that you know that the fees are fixed.