We were just about to exchange contracts for a property in St Leonard Shoreditch. We encountered a problem. The mortgage offer with The Royal Bank of Scotland expires on 5/7/2021 but the vendors are putting forward a completion date of 7/7/2021. Is it possible to prolong the mortgage expiry date?
The person best placed to deal with your issue is your conveyancer who should determine if he or she is should be discussing with the bank, vendor’s conveyancers, estate agents or indeed all parties taking into account the circumstances your house move to date.
We note that you have a search directory identifying firms on the Kent Reliance conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in St Leonard Shoreditch?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in St Leonard Shoreditch.
I have been told by my solicitor that defective lease insurance is needed on my purchase. What is the level of cover for St Leonard Shoreditch conveyancing?
The appropriate level of defective lease indemnity insurance depends on your lender. It would differ for example between Lloyds TSB Bank and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such policies.
I have paid off my mortgage with Co-operative. I assume I don't need a St Leonard Shoreditch conveyancer on the Co-operative panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
Nottingham have agreed my mortgage in principle, my bid on a property in St Leonard Shoreditch has been agreed to, now what?
The property agent will want to know who your solicitors are (be sure the conveyancers are on the lender’s approved list). Call up Nottingham or the broker and finish off any outstanding documentation. Nottingham will sellect a valuer who will get in touch with the estate agent or seller to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Nottingham will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in St Leonard Shoreditch.
Various web forums that I have come across warn that are the main reason for stalling in St Leonard Shoreditch house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in St Leonard Shoreditch.
I am purchasing my first flat in St Leonard Shoreditch with a mortgage from Norwich and Peterborough Building Society. The builders refused to budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not inform my lawyer about this extras as it could jeopardize my mortgage with the lender. 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.
As co-executor for the will of my uncle I am selling a property in Swansea but live in St Leonard Shoreditch. My solicitor (based 250 kilometers from meneeds me to sign a stat dec before completion. Could you suggest a conveyancing solicitor in St Leonard Shoreditch who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are located in St Leonard Shoreditch