We were just about to sign contracts for a semi detached house in Binfield. We encountered a snag. The mortgage offer with Accord Mortgages Ltd expires on 17/10/2025 but the owners are suggesting a completion date of 21/10/2025. Can one extend the loan expiry date?
The person best placed to address this concern is your solicitors who should assess whether they better off negotiating with the mortgage company, vendor’s solicitors, property agents or conceivably all three based on what has happend in your conveyancing to date.
Finally the sale completed on my house in Binfield last June but the buyer keeps telephoning every few hours to moan that their lawyer is waiting to hear from myconveyancer. What should my lawyer have done now that I have sold?
Post completion of your house sale your conveyancer should send the transfer documentation and all additional paperwork to the buyer’s lawyers. Where appropriate, your lawyer must also confirm that the legal charge in favour of the lender has been discharged to the purchasers lawyers. There are no post completion procedures specific conveyancing in Binfield.
Our lender has recommended a law firm on their panel based in Binfield but I would rather instruct a conveyancing lawyer in Binfield or nearer to where I live. Are you able to assist?
Not all Binfield conveyancing practices are on all banks conveyancing panel. Use the above search tool to find a Binfield conveyancing firm on the on the mortgage company panel.
Me and my partner are purchasing a apartment in Binfield. I might seem paranoid but how we can trust a solicitor? On completion day we have to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Binfield solicitors on the UBS conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the UBS approved list of solicitors they would need to be overseen by the SRA. The majority of lenders do permit licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
We have agreed to purchase a house in Binfield. A rare aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Bank of Ireland your lawyer must check the conveyancing requirements contained in Section two of UK Finance Lenders’ Handbook for Bank of Ireland. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and lawyers are required to report to Bank of Ireland where a lease does not comply with these provisions. The specifications relate to the installation of panels on properties countrywide and is not restricted to Binfield.
My relative advised me that if I am buying in Binfield I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Binfield conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Binfield around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Binfield Education with plans and statistics, Local Amenities and other useful data regarding Binfield.
When it comes to my conveyancing in Binfield should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Binfield conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the lawyer's time in submitting the funds this way.