We are about to sign contracts for a ground floor flat in Midsomer Norton. We encountered a snag. The loan offer with Norwich and Peterborough Building Society runs out on 25/9/2026 but the owners are insisting on a completion date of 29/9/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your question is your solicitors who should determine whether he or she is corresponding with the mortgage broker, seller’s solicitors, selling agents or conceivably all three given what has happend in your transaction to date.
Will conveyancers ask for money on account for my conveyancing in Midsomer Norton?
Where you are retaining lawyers for conveyancing in Midsomer Norton your lawyer will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the sale price then this will be asked for immediately prior to contracts are exchanged. The closing balance that is needed should be transferred a few days ahead of the completion date.
My wife and I are in the process of viewing apartments in Midsomer Norton and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a home loan with HSBC.
It would be prudent to commence 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 selling agent. Given that you are seeking a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
The mortgage over my property is with Virgin Money for my property in Midsomer Norton. Conveyancing has been completed months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Virgin Money?
Your original mortgage agreement with Virgin Money will provide that you need their approval before renting your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. You need not do this via a Virgin Money conveyancing panel firm.
I am selling my flat. I had a double glazing fitted in March 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Bank of Ireland are being difficult. The Midsomer Norton solicitor who is on the Bank of Ireland conveyancing panel is saying indemnity insurance will be fine but Bank of Ireland are requiring a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am purchasing my first flat in Midsomer Norton with a loan from TSB. The developers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent told me not inform my solicitor about this deal as it will impact my mortgage with TSB. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 issue on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Midsomer Norton is where the house is located. What do you suggest?
Flying freeholds in Midsomer Norton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Midsomer Norton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Midsomer Norton 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 residence.
What does commercial conveyancing in Midsomer Norton cover?
Midsomer Norton conveyancing for business premises covers a wide array of services, supplied by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.