We are about to exchange contracts for a freehold house in Toddington. We encountered a stumbling block. Our loan offer with Alliance & Leicester runs out on 25/9/2024 but the owners are putting forward a completion date of 27/9/2024. Can one extend the mortgage expiry date?
The person best placed to deal with your question is your solicitors who is in a position to determine whether he or she is better off negotiating with the mortgage broker, owner’s conveyancers, estate agents or indeed all three based on the circumstances your conveyancing as of today.
I am purchasing a terraced house in Toddington. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Toddington you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Toddington.
If you had a top tip for choosing a conveyancing solicitor in Toddington what would it be?
It would be unwise to be tempted by the cheapest Toddington conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am the sole beneficiary of my late mum's estate and I have everything in my name alone, including the my former home in Toddington. Conveyancing formalities meant that the Land Registry date was in June. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship will be treated the same way as though I had purchased the property in June. Is the property unsalable for six months?
The CML handbook obliges 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 impacted by that. How practical a view banks take of it, depend on the mortgage company as this requirement primarily exists to pick up on subsales or the flipping of properties.
I am currently in the process of buying my council flat in Toddington. I have a mortgage agreed with Skipton. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
2 months have elapsed following my purchase conveyancing in Toddington completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am selling my house. My former solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Toddington if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Toddington. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
How up-to-date is your database of lawyers on the bank conveyancing panel in Toddington? Do the banks send you an updated list?
Toddington firms and firms carrying out conveyancing in Toddington themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.