We are a couple about to sign contracts for a ground floor flat in Porth. We encountered a snag. Our mortgage offer with Platform Home Loans Ltd expires on 27/8/2025 but the vendors are putting forward a completion date of 29/8/2025. Is it possible to prolong the loan expiry date?
The person best placed to address this concern is your solicitors who will calculate if he or she is corresponding with the mortgage company, seller’s representatives, selling agents or possibly all parties taking into account what has happend in your house move to date.
I am currently in the process of buying my council flat in Porth. I have a mortgage offer with Principality. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
I recently had an offer agreed on a house in Porth. My financial adviser suggested a property lawyer. I paid an upfront payment of £150. Not long after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the UBS 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 UBS 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.
Co-operative have agreed my home loan in principle, my bid on a property in Porth has been agreed to, what are the next steps?
Your property agent will need to know who your solicitors are (make sure the conveyancing practitioners are on the lender’s approved list). Call up Co-operative or the financial adviser and finalise any appropriate forms. Co-operative will appoint a valuer who will get in contact with the estate agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Co-operative will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Porth.
I'm purchasing my first flat in Porth with a loan from Barnsley Building Society. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not to tell my conveyancer about the deal as it could jeopardize my mortgage with the bank. 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.
I decided to have a survey done on a house in Porth in advance of appointing solicitors. I have been informed that there is a flying freehold element to the house. The surveyor advised that some banks tend not issue a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Porth. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Porth and I am already nervous. I couldn't find anything specific about Porth. Conveyancing will be needed in due course but do you know about the Porth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Porth. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for leasehold conveyancing in Porth. I have discover a web site which seems to have the perfect solution If it is possible to get all formalities done via phone that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?