We are about to exchange contracts for a semi detached house in Westcliff On Sea. We have hit a snag. The loan offer with Lloyds TSB Bank runs out on 28/7/2023 but the sellers are putting forward a completion date of 1/8/2023. Is it possible to prolong the loan expiry date?
The person best placed to deal with your issue is your lawyer who will hopefully assess if they should be discussing with the lender, owner’s lawyers, selling agents or indeed all three based on the history of your house move to date.
My property lawyer in Westcliff On Sea is not listed on the Virgin Money Conveyancing Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are excluded from the Virgin Money list of approved lawyers?
The limited options open to you here include:
- Carry on with your existing Westcliff On Sea lawyers but Virgin Money will need to use a conveyancer on their list of acceptable firms. This will result in additional overall legal charges and result in delays.
- Find an alternative lawyer to to deal with the conveyancing, remembering to check they are Virgin Money approved.
- Persuade your Virgin Money based solicitor to seek to join the Virgin Money panel
When it comes to lenders such as TSB, do Westcliff On Sea property lawyers face a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Can I be sure that the Westcliff On Sea conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Westcliff On Sea getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor handling your transaction.
I am due to exchange contracts on my house. I had a double glazing fitted in June 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Principality are being a right pain. The Westcliff On Sea solicitor who is on the Principality conveyancing panel is saying indemnity insurance will be fine but Principality are insisting on a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am purchasing a new build house in Westcliff On Sea with a mortgage from Nationwide Building Society. The builders refused to budge the price so I negotiated 6k of extras instead. The property agent told me not disclose to my conveyancer about the extras as it would put at risk my loan with the bank. Is this normal?.
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 simple use your search facility to choose a conveyancing lawyer in Westcliff On Sea on the panel for my bank?
1st select a mortgage company such as Lloyds TSB Bank, Coventry Building Society or Nottingham Building Society then specify your location for instance Westcliff On Sea. Conveyancing firms in Westcliff On Sea and across England and Wales will then be identified.
Am I best advised to appoint a Westcliff On Sea conveyancing lawyer based in the vicinity that I am purchasing? An old friend can carry out the legal work however her office is approximately 350kilometers drive away.
The benefit of a high street Westcliff On Sea conveyancing firm is that you can visit the firm to execute paperwork, deliver your identification documents and pester them if necessary. Having local Westcliff On Sea know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and they were happy that should surpass using an unfamiliar Westcliff On Sea conveyancing lawyer solely due to them being Westcliff On Sea based.