We are a couple about to sign contracts for a garden flat in Bloxham. We have hit a problem. The loan offer with Nationwide Building Society expires on 17/11/2025 but the sellers are suggesting a completion date of 19/11/2025. Can one extend the mortgage expiry date?
The person best placed to address this issue is your conveyancer who is in a position to determine if he or she is better off negotiating with the mortgage company, seller’s solicitors, estate agents or conceivably all three taking into account what has happend in your transaction to date.
Is there a search tool that I can use to check that the solicitor handling my conveyancing in Bloxham is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus paying £192.00 in additional conveyancing costs.
Please do make the most of the find a lender approved solicitor tool on this web page. Pick the mortgage company and type ‘Bloxham’ or your location and you will discover numerous solicitors offices in Bloxham or by proximity to you.
We are buying a house in Bloxham. It might be a silly question but how we can trust a solicitor? On the day of competition we have to send money into their account. What protection do 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.
Are all Bloxham Conveyancing Quality Solicitors on the Virgin Money conveyancing list of approved practices?
Some major lenders now use CQS as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
After weeks of negotiation I have agreed a price on an apartment in Bloxham. My financial adviser suggested a conveyancer. I paid an upfront payment of £150. A few days later, the property lawyer contacted me to say that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I'm purchasing my first flat in Bloxham with a mortgage from Lloyds TSB Bank. The sellers refused to move on the price so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my solicitor about the side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Looking forward to exchange soon on a ground floor flat in Bloxham. Conveyancing solicitors have said that they are sending me a report next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Bloxham should include some of the following:
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Are pets allowed in the flat? Responsibility to repair and maintain the block. It is important that you know who is liable for the repair and maintenance of all parts of the block and communal areas You would want to receive a copy of the lease Does the lease require carpeting throughout thus preventing wood flooring? It needs to be made clear to you if the lease allows you to alter or upgrade aspects of the premises- you must be made aware as to whether it relates to all alterations or limited to structural alteration, and whether permission is required
I acquired a studio flat in Bloxham, conveyancing was carried out 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Bloxham with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2094
With 69 years left to run the likely cost is going to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
I am due to assess quotes for conveyancing in Bloxham from various lawyer and choose one. Am I right to ask them to sit tight until I have found somewhere to acquire.
You should only get your lawyer to open a file and submit searches once the sales memorandum has been sent by the selling agent especially as Bloxham conveyancing searches are costly.