We were just about to sign contracts for a garden flat in Petts Wood. We have hit a snag. The loan offer with The Royal Bank of Scotland expires on 24/11/2022 but the owners are putting forward a completion date of 28/11/2022. Can one prolong the loan offer?
The best person to deal with your concern is your lawyer who will calculate whether they should be discussing with the lender, vendor’s solicitors, selling agents or possibly all parties given the circumstances your transaction as of today.
We note that you have a search directory listing solicitors on the Clydesdale conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Petts Wood?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Petts Wood.
I am considering applying for a UBS mortgage for purchase of a newly converted (under development) in Petts Wood with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
There is nothing to stop you using your solicitor, but UBS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Me and my brother have a semi-detached Edwardian house in Petts Wood. Conveyancing lawyer represented me and Nottingham Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching address. Is it worth asking Nottingham Building Society to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Petts Wood and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing practitioner who carried out the work.
Just had an offer accepted on a new build flat in Petts Wood. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Petts Wood
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I'm converting the mortgage on my primary home to a buy to let loan with Santander and I will use the ballance of the raised equity as a deposit on a second house. The location we are looking at is Petts Wood. Will your solicitors be able to act for both sets of lenders and link together the conveyances?
Make use of our comparison tool on this page to be sure that the lawyers are on the relevant lender panels. Having checked that they are your solicitor should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and specify your expectations and requirements.