We are a couple about to sign contracts for a ground floor flat in Woolton. We encountered a problem. Our mortgage offer with TSB expires on 13/4/2026 but the sellers are insisting on a completion date of 15/4/2026. Can one extend the mortgage offer?
The best person to address this question is your conveyancer who will assess if they should be discussing with the mortgage company, owner’s solicitors, selling agents or conceivably all three based on the history of your transaction as of today.
I am considering applying for a Santander mortgage for purchase of a newly converted (under development) in Woolton with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Santander ?
In theory, you could use a solicitor that is not on the Santander conveyancing panel, but Santander would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Woolton?
Its becoming the norm that commercial conveyancing solicitors in Woolton will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Woolton. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Woolton.
For each commercial conveyancing transaction in Woolton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Woolton commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Woolton.
Despite weeks of looking the Title Certificate and documents to my home are lost. The conveyancers who conducted the conveyancing in Woolton 4 years ago are no longer around. What are my options?
Gone are the days when you need to have the physical deeds to prove you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
I'm buying my first flat in Woolton with a mortgage from Skipton Building Society. The sellers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not disclose to my solicitor about this extras as it may put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
My husband and I may need to let out our Woolton 1st floor flat for a while due to taking a sabbatical. We instructed a Woolton conveyancing practice in 2003 but they have since shut and we did not have the foresight to get any advice as to whether the lease allows us to sublet. How do we find out?
A small minority of properties in Woolton do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I own a studio flat in Woolton, conveyancing was carried out 5 years ago. How much will my lease extension cost? Similar properties in Woolton with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2106
With just 80 years left to run the likely cost is going to be between £7,600 and £8,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.