We were just about to exchange contracts for a ground floor flat in Petts Wood. We encountered a stumbling block. The mortgage offer with Coventry Building Society expires on 23/3/2020 but the owners are suggesting a completion date of 25/3/2020. Is it possible to prolong the mortgage offer?
The best person to address this concern is your lawyer who will hopefully determine if he or she is should be discussing with the lender, owner’s solicitors, selling agents or conceivably all three taking into account the history of your transaction to date.
I am assisting my step-mother sell her house in Petts Wood. Will the conveyancing solicitor commission the EPC or it is for the owner to see to?
After the demise of HIPs, EPC’s was retained a compulsory element of selling a house. An energy assessment should be commissioned in advance of the property being marketed. It is not a task that law firms normally arrange. If you are instructing a Petts Wood conveyancing practitioner they might help arrange energy performance certificates given their relationships with reputable local accredited person
Is it the case that all Petts Wood solicitors on the Yorkshire BS conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Yorkshire BS approved list of solicitors they would need to be overseen by the SRA. Some lenders do allow licenced conveyancers on their panel in which case such practice would be governed by the CLC.
I recently had an offer accepted on an apartment in Petts Wood. My financial adviser recommended their conveyancers. I paid an on account payment of £225. A couple of days later, the property lawyer called me embarrassingly acknowledging that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I used Arc property Solicitors a few years past for my conveyancing in Petts Wood. I now require my papers but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Petts Wood of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing a new build house in Petts Wood with a loan from Accord Mortgages Ltd. The sellers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not disclose to my lawyer about this extras as it may affect my loan with Accord Mortgages Ltd. Should I keep quiet?.
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.
My uncle has suggested that I instruct his conveyancing solicitors in Petts Wood. Should I use them?
No doubt the best way to select a conveyancing solicitor is to have feedback from friends or family who have previously instructed the firm you're are thinking of instructing.
My husband and I today discovered that one of the directors of the conveyancing practice acting on the purchase conveyancing in Petts Wood is an aunty of the seller. Is this acceptable?
As long as no conflict arises this should be fine. If you are needing a home loan then the mortgage company may have a say as many lenders have specific instructions concerning this. For example for Chelsea Building Society as of 23/1/2020, the requirements read as follows :
* there is no conflict of interest and none arises during the transaction
* the firm is a partnership
* the conveyancer acting is not the borrower or a member of the borrower's immediate family.