We were just about to exchange contracts for a freehold house in Benton. We have hit a stumbling block. The mortgage offer with National Westminster Bank runs out on 26/11/2026 but the owners are suggesting a completion date of 30/11/2026. Is it possible to extend the loan offer?
The person best placed to address this issue is your lawyer who is in a position to calculate if he or she is should be discussing with the lender, seller’s conveyancers, estate agents or conceivably all parties based on the circumstances your house move to date.
Two weeks ago we had a mortgage agreed in principle with UBS. Benton conveyancing lawyers were chosen. How long does it take for UBS to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have UBS conducted the survey? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Benton conveyancer on the Skipton panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
After what feels like an age I have had an offer on a flat in Benton agreed to, the sellers do however have a connected purchase. The vendors have put an offer on on an apartment, but it’s not been accepted yet, and have viewings of other properties booked. I have selected a local conveyancing solicitor in Benton. What should be my next step? At what point do I apply for the mortgage with Skipton?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then survey, Benton conveyancing search charges, etc). The first course of action is to ensure that your property lawyer is on the Skipton conveyancing panel. Concerning the next steps this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. During a hot market some home buyers would apply for a home loan with Skipton and arrange for the valuation and only if it comes back ok would they ask their conveyancer to press on with searches.
Are there restrictive covenants that are commonly picked up during conveyancing in Benton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Benton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Benton with the aid of help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my conveyancer about the side-deal as it would jeopardize 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 UK Finance website. UK Finance 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 opted to have a survey carried out on a house in Benton prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some lenders will refuse to give a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Benton. Conveyancing will be smoother if you use a solicitor in Benton especially if they are acquainted with such properties in Benton.
I am looking into buying my first house which is in Benton and I am already nervous. I couldn't find anything specific about Benton. Conveyancing will be needed in due course but do you know about the Benton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Benton. In the meantime here are some basic statistics that we found