We are a couple about to sign contracts for a garden flat in Stevenage. We encountered a snag. The loan offer with Accord Mortgages Ltd runs out on 30/1/2023 but the vendors are putting forward a completion date of 1/2/2023. Is it possible to prolong the loan offer?
The best person to deal with your question is your lawyer who should calculate whether they corresponding with the mortgage company, owner’s conveyancers, property agents or indeed all parties based on what has gone on in your conveyancing as of today.
We are purchasing a property and need a conveyancing solicitor in Stevenage who is on the Bank of Ireland conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Stevenage.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Stevenage. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 28/11/2022, the requirements read as follows :
I am purchasing a new build house in Stevenage with a loan from Norwich and Peterborough Building Society. The developers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not to tell my solicitor about this side-deal as it may impact my loan with Norwich and Peterborough Building Society. 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.
My husband and I are FTB’s - agreed a price, but the selling agent has warned us that the seller will only issue a contract if we appoint the agent's preferred solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Stevenage
It is unlikely the sellers are behind this. If they desire ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Try to communicate with the sellers directly and make sure they comprehend that (a)you are serious buyers (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you will continue to instruct your preferred Stevenage conveyancing solicitors - rather thanthose that will earn their negotiator at the agency a kickback or meet his conveyancing figures pre-set by head office.
I am an executor of my recently deceased parent's Will, with a house in Stevenage which is to be sold. The property is unregistered at HMLR and I'm told that many buyers solicitors will insist that it is done before they'll proceed. What's the mechanism for this?
In the situation that you have set out it seems advisable to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.