We are a couple about to sign contracts for a freehold house in Stallingborough. We encountered a problem. The mortgage offer with Aldermore expires on 24/11/2020 but the owners are suggesting a completion date of 26/11/2020. Is it possible to prolong the mortgage expiry date?
The person best placed to deal with your question is your lawyer who will hopefully assess whether he or she is better off negotiating with the mortgage broker, seller’s lawyers, selling agents or conceivably all parties given the circumstances your conveyancing as of today.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Stallingborough. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/9/2020, the requirements read as follows :
I own a terraced Victorian property in Stallingborough. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stallingborough and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing practitioner who conducted the conveyancing.
I am buying my first flat in Stallingborough with a mortgage from Leeds Building Society. The builders would not move on the amount so I negotiated 6k of extras instead. The estate agent advised me not to tell my lawyer about this deal as it will jeopardize my loan with the bank. Should I keep quiet?.
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.
I am a sole trader planning to lease a unit on a shopping parade. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in Stallingborough for below £1,200?
We can recommend firms who host a wealth of experience of commercial conveyancing in Stallingborough, including the sale and acquisition of businesses as well as simply property. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. Regarding the fees these will vary based on the structure and heads of terms of the deal. Let us have your details or call us so that we can supply you with a fixed commercial conveyancing calculation.
Me and my wife are FTB’s just having agreed a price on a property in Stallingborough, and are now looking to get solicitors appointed. I have utilised the various rating based websites and the fee estimates are from all across the England and Wales. Is it necessary to have a Stallingborough solicitor local to the potential house? I am happy to do all the communicating electronically, but I guess at some stage we will need to visit the lawyer's office to sign documents?
The solicitor does not need to be in Stallingborough, but choosing local means that you have the option to visit their offices if you need to, by way of example, if a signature is immediately necessary. Also, a Stallingborough solicitor have established relationships with local agents and (if the vendor has instructed a local lawyer) with them, which will help keep things moving faster.