We are a couple about to exchange contracts for a semi detached house in Moorgate. We encountered a stumbling block. Our mortgage offer with Yorkshire Building Society runs out on 7/6/2024 but the owners are suggesting a completion date of 11/6/2024. Is it possible to prolong the loan offer?
The best person to deal with your issue is your solicitors who will hopefully determine if he or she is should be discussing with the mortgage company, vendor’s solicitors, estate agents or possibly all parties given what has gone on in your transaction to date.
As someone clueless as to conveyancing in Moorgate what is your top tip you can give me concerning the ownership transfer in Moorgate
Not many law firms shout this from the rooftops but conveyancing in Moorgate and elsewhere in London is often a confrontational process. Put another way, when it comes to conveyancing there exists an abundance of opportunity for friction between you and other parties involved in the transaction. For instance, the vendor, property agent and sometimes your bank. Appointing a lawyer for your conveyancing in Moorgate an important selection as your conveyancer is your adviser, and is the ONE person in the process whose role it is to protect your legal interests and to keep you safe.
Every so often a potential adversary will try and sway you that it is in your interests to do things their way. For example, the property agent may claim to be assisting by suggesting your lawyer is dragging his heels. Or your financial adviser may advise you to do something that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties in the conveyancing process.
What can a local search reveal about the house we're buying in Moorgate?
Moorgate conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance PSG The local search plays a central part in most Moorgate conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search should supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
It has been 4 months since my purchase conveyancing in Moorgate completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. 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 am buying my first flat in Moorgate with a mortgage from Virgin Money. The developers would not budge the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not inform my solicitor about the side-deal as it would affect my mortgage with Virgin Money. Do I keep my lawyer in the dark?.
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.
I note that you have a post code search directory identifying solicitors on the mortgage company conveyancing panel. Do Moorgate conveyancing firms pay you a referral fee if I retain them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Moorgate.