We are about to sign contracts for a ground floor flat in Malton. We encountered a snag. The loan offer with Yorkshire Building Society expires on 12/1/2026 but the vendors are insisting on a completion date of 14/1/2026. Can one extend the mortgage offer?
The best person to address this issue is your solicitors who should determine whether he or she is should be discussing with the mortgage company, seller’s lawyers, estate agents or indeed all parties based on the circumstances your transaction to date.
We are planning to acquire a property and need a conveyancing solicitor in Malton who is on the Clydesdale conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Malton.
We're in Malton, First timers buying with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am purchasing a new build house in Malton benefiting from help to buy. The developers refused to reduce the amount so I negotiated 6k of additionals instead. The property agent advised me not inform my solicitor about the extras as it may impact my loan with the lender. 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Malton is where the house is located. Is there any advice you can give?
Flying freeholds in Malton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Malton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Malton may ascertain 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 residence.
Do online conveyancing organisations do everything a local Malton solicitor does or must I retain a solicitor for the final stages for my conveyancing in Malton?
Where you choose an online conveyancer they will cover all the work your Malton solicitor will cover.