We are about to exchange contracts for a property in Ascot. We have hit a problem. Our loan offer with Barclays expires on 12/9/2025 but the owners are suggesting a completion date of 16/9/2025. Can one prolong the mortgage offer?
The best person to deal with your issue is your solicitors who is in a position to calculate if they should be discussing with the mortgage company, seller’s conveyancers, selling agents or conceivably all three taking into account the history of your house move to date.
I am purchasing my first flat in Ascot with a loan from Godiva Mortgages Ltd. The builders refused to move on the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not inform my conveyancer about this extras as it will put at risk my loan with the bank. 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.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Ascot is the location of the property. Is there any advice you can give?
Flying freeholds in Ascot are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ascot you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ascot may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it possible to transfer to a new firm as I need to find one who is on the Barclays Direct conveyancing list. I hired a high street conveyancing solicitor in Ascot five minutes from me but he is not approved by Barclays Direct
We will our best to assist in finding you a conveyancing solicitor in Ascot on the Barclays Direct panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Ascot. In utilising the find a conveyancing solicitor tool on this page, you can contrast fees for conveyancing solicitors in Ascot and beyond.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Ascot. I have chance upon a web site which looks to be the perfect solution If it is possible to get all this stuff done via web that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've recently bought a leasehold flat in Ascot. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Ascot Leasehold Conveyancing - A selection of Questions you should consider before buying
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What is the length of the lease? How much is the service charge and ground rent on the flat? Be sure to find out if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being allowed in certain buildings in Ascot. If you love the apartmentin Ascot but your cat is not allowed to make the move with you then you have a very difficult choice.