We were just about to exchange contracts for a semi detached house in Warkworth. We encountered a snag. The loan offer with Nationwide Building Society expires on 17/3/2025 but the vendors are putting forward a completion date of 19/3/2025. Can one prolong the loan offer?
The best person to address this concern is your solicitors who will hopefully calculate if they better off negotiating with the lender, vendor’s lawyers, estate agents or possibly all parties based on the circumstances your house move as of today.
We just had an offer accepted to purchase with Darlington Building Society. We have called around locally yet cant to find a Warkworth conveyancing firm on the Darlington Building Society panel. Can you help?
Feel free to make the most of the find a conveyancing panel solicitor tool on this site. Please choose the mortgage company and type Warkworth or your preferred area and you will be presented with numerous conveyancers offices in Warkworth or nearest you.
My friend advised me that where I am buying in Warkworth I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Warkworth conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Warkworth around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Warkworth Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Warkworth.
I'm purchasing my first flat in Warkworth with a mortgage from HSBC Bank. The builders refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not reveal to my lawyer about the extras as it will put at risk my mortgage with HSBC Bank. 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.
Is it possible to switch firm as I need to select a firm on the Skipton Building Society conveyancing list. I hired a local conveyancing solicitor in Warkworth five minutes from me but he is not accepted by Skipton Building Society
We will our best to assist in finding you a conveyancing solicitor in Warkworth on the Skipton Building Society panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Warkworth. Using the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Warkworth.
There are only Seventy years unexpired on my flat in Warkworth. I am keen to get lease extension but my landlord is can not be found. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to prove that you have done all that could be expected to locate the freeholder. In some cases a specialist should be helpful to conduct investigations and to produce a report which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the application to the County Court overseeing Warkworth.
I own a split level flat in Warkworth, conveyancing formalities finalised 5 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Warkworth with a long lease are worth £190,000. The ground rent is £65 invoiced annually. The lease terminates on 21st October 2086
You have 61 years left to run we estimate the price of your lease extension to span between £19,000 and £22,000 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.