We are about to exchange contracts for a semi detached house in Shenley Church End. We have hit a problem. The loan offer with TSB expires on 19/6/2024 but the sellers are putting forward a completion date of 21/6/2024. Is it possible to prolong the mortgage offer?
The person best placed to deal with your concern is your solicitors who will assess if they better off negotiating with the mortgage company, owner’s representatives, selling agents or indeed all parties based on what has happend in your house move to date.
Completed the sale of my flat in Shenley Church End last August but our buyer keeps Skype messaging me complaining that his lawyer is waiting to hear from myconveyancer. What should my lawyer have done following completion?
Following your disposal your conveyancer is duty bound to deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your solicitor should also evidence that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There are no post completion formalities unique to conveyancing in Shenley Church End.
Two weeks ago we had a mortgage agreed in principle with HSBC. Shenley Church End conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from HSBC?
There is no definitive answer here. Have HSBC done the survey? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We have agreed to purchase a house in Shenley Church End. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
Given that you are obtaining a mortgage with Barclays your lawyer must check the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Barclays. The CML Handbook includes minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Barclays where a lease fails to comply with these requirements. The specifications relate to the installation of panels on properties countrywide and is not isolated to Shenley Church End.
Barclays have agreed my mortgage in principle, my bid on a apartment in Shenley Church End has been accepted, what are the next steps?
The property agent will wish to know who your solicitors are (ensure that the conveyancers are on the bank’s panel). Call up Barclays or your broker and complete any appropriate documentation. Barclays will sellect a valuer who will get in touch with the selling agent or owners to schedule a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Barclays will send 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 Shenley Church End.
I am purchasing a new build house in Shenley Church End with a loan from Norwich and Peterborough Building Society. The sellers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about the extras as it would adversely affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Shenley Church End is where the house is located. Can you offer any opinion?
Flying freeholds in Shenley Church End are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shenley Church End you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shenley Church End may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My partner and I have just had an offer accepted on our first home in Shenley Church End, and are now looking to get solicitors lined up. I have used the different rating tools and the results are from all across the the UK. Is it advisable to have a Shenley Church End conveyancer local to the potential new home? We are happy to do everything electronically, but I am thinking at some point we may need to physically go into the solicitor's office to sign papers?
The conveyancer does not have to be in Shenley Church End, but opting for local means that you can attend their offices if needed, by way of example, if a signature is immediately necessary. In addition, a Shenley Church End solicitor have established relationships with local agents and (if the vendor has chosen a local property lawyer) with them, which should help keep things moving faster.