We are a couple about to exchange contracts for a freehold house in Rugeley. We encountered a snag. The loan offer with Barclays runs out on 14/7/2025 but the owners are suggesting a completion date of 16/7/2025. Is it possible to extend the loan offer?
The best person to address this concern is your conveyancer who should calculate whether he or she is better off negotiating with the mortgage broker, seller’s lawyers, selling agents or conceivably all three taking into account the history of your conveyancing to date.
Can I use your services to find a Conveyancing solicitor in Rugeley even if I’m not purchasing or selling a house, for example where I intend to buy a shop in Rugeley with a loan from Birmingham Midshires?
The service is primarily there to find domestic conveyancing solicitors in Rugeley but we have recorded towards the bottom of this page a few Rugeley commercial conveyancing firms. You will need to speak with the solicitors directly to check if they are also authorised to represent Birmingham Midshires
I am the only recipient of my late mum's will and I have everything in my name now, including the my former home in Rugeley. The Rugeley property was put into my name in April. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership may be considered the same way as though I had purchased the property in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Some banks would take a pragmatic view as this requirement is principally there to identify subsales or the wholesaling and assigning of properties.
Can you point me to a directory of HSBC panel solicitors in Rugeley on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. Very few lending institutions make their panel listings open the public online. If you are looking for a Rugeley solicitor on the HSBC please use our tool.
I have a mortgage with Santander for my property in Rugeley. Conveyancing was finalised 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Santander?
You must advise Santander in advance of renting your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies 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 Santander directly. It should not be necessary to do this via a Santander conveyancing panel lawyer.
I'm purchasing my first flat in Rugeley with a mortgage from HSBC Bank. The sellers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not inform my lawyer about the extras as it may impact my loan with the bank. 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.
In what way does the Landlord & Tenant Act 1954 impact my commercial property in Rugeley and how can you help?
The 1954 Act provides a safeguard to business leaseholders, giving them the legal entitlement to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Rugeley is one of our hundreds of areas of the UK in which the firms we work with are located
Is there a difference between surveying and conveyancing in Rugeley?
Conveyancing - in Rugeley or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the vendor to fix the defects prior to you move in.