We are a couple about to exchange contracts for a property in Underwood. We have hit a problem. The mortgage offer with Coventry Building Society runs out on 30/6/2025 but the owners are suggesting a completion date of 2/7/2025. Can one prolong the loan expiry date?
The person best placed to deal with your question is your solicitors who will hopefully determine whether he or she is better off negotiating with the mortgage broker, owner’s lawyers, property agents or conceivably all three based on the history of your house move to date.
A friend recommended that if I am purchasing in Underwood I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Underwood conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Underwood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Underwood Education with plans and statistics, Local Amenities and other useful information concerning Underwood.
I have recentlybecome aware that Stirling Law have closed. They conducted my conveyancing in Underwood for a purchase of a freehold house 9 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Underwood conveyancing specialists.
I am buying a new build house in Underwood with a mortgage from Britannia. The sellers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not reveal to my conveyancer about the deal as it could impact 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 was pointed in your direction by numerous property agents in Underwood to find a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to market your services over alternative conveyancing organisations?
We refuse to make any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
My husband and I are FTB’s - agreed a price, yet the property agent has warned us that the seller will only issue a contract if we instruct the agent's preferred solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a local solicitor who is familiar with conveyancing in Underwood
We suspect that the seller is unaware of this request. If they want ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you will continue to instruct your own,trusted Underwood conveyancing lawyers - as opposed tothose that will provide their estate agent a kickback or hit his conveyancing figures demanded by HQ.