We are a couple about to exchange contracts for a property in West Moors. We encountered a problem. The mortgage offer with Yorkshire Building Society runs out on 2/1/2026 but the sellers are insisting on a completion date of 6/1/2026. Can one extend the loan expiry date?
The best person to deal with your issue is your lawyer who is in a position to determine whether they should be discussing with the bank, seller’s conveyancers, selling agents or possibly all parties taking into account what has gone on in your conveyancing as of today.
In what way does my ID and proof of funds have anything to do with my conveyancing in West Moors? What am I being asked for?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in West Moors. Nowadays you can not complete any conveyancing transaction without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as evidence of ID it must be both the paper section and photo card part, one is not sufficient in the absence of the other.
Evidence of the source of funds is required under Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer must have this information on record. Your West Moors conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask further questions regarding the origin of monies.
A friend pointed out to me me that in purchasing a property in West Moors there may be a number of restrictions prohibiting external changes to a property. Is this right?
There are anumerous of properties in West Moors which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in West Moors should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Virgin Money, do West Moors conveyancing practitioners have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We have agreed to purchase a house in West Moors. A rare aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with TSB your lawyer must follow the conveyancing instructions set out in Section 2 of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and property lawyers are required to report to TSB where a lease fails to satisfy these provisions. The requirements relate to the installation of panels on properties countrywide and is not restricted to West Moors.
I'm purchasing a new build house in West Moors with a mortgage from HSBC Bank. The developers refused to reduce the price so I negotiated 6k of extras instead. The sale representative told me not to tell my solicitor about this side-deal as it would adversely affect 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.
We are one month into a residential purchase having been recommend to conveyancers by the high street agent to do our conveyancing in West Moors. I am not happy. Can you help me find new lawyers?
A conveyancer would have to be very poor in order to consider changing them. Has the mortgage offer been generated? If so you must inform them of the new contact details and have the mortgage documents are issued to the new lawyers. Your conveyancer should be on the mortgage company approved list to avoid supplemental costs and complications. So that should be your starting point. Our find a solicitor tool can assist you in finding a bank approved lawyer for your conveyancing in West Moors
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in West Moors. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
Most houses in West Moors are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in West Moors in which case you should be looking for a West Moors conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the house is located on an estate. Your lawyer should report to you on the legal implications.
I invested in buying a studio flat in West Moors, conveyancing having been completed 9 years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in West Moors with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2078
You have 53 years left to run we estimate the price of your lease extension to be between £27,600 and £31,800 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.