We are about to sign contracts for a property in Brigg. We encountered a snag. The loan offer with Skipton Building Society runs out on 27/5/2025 but the owners are suggesting a completion date of 29/5/2025. Can one extend the mortgage offer?
The person best placed to deal with your question is your lawyer who will determine whether he or she is better off negotiating with the mortgage company, vendor’s lawyers, estate agents or conceivably all three based on what has gone on in your transaction to date.
I had intended to instruct a conveyancing solicitor in Brigg for our home move. Our financial adviser informed us that our mortgage lenders Birmingham Midshires won't deal with them. Why is this not regarded as unduly restrictive?
Lenders tend to imposes restrictions either the type or the number of conveyancing practices on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the profile of firm, some have limited the amount of solicitor practices they use to represent them. Be aware that Birmingham Midshires have no responsibility for the quality of advice provided by any member of Birmingham Midshires Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels a few years ago even though there are differing opinions about the extent of solicitor involvement in some of that fraud. Figures from the Land Registry reveal that plenty of law firms, including some in or near Brigg only execute very few conveyances per annum.
Are there restrictive covenants that are commonly identified as part of conveyancing in Brigg?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Brigg. 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…’
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, chain free conveyancing. Brigg is where the house is located. What do you suggest?
Flying freeholds in Brigg are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Brigg you would need to get your solicitor to go 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 Brigg 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 property.
In my capacity as executor for the will of my grandfather I am disposing of a residence in Monmouth but reside in Brigg. My lawyer (approximately 235 kilometers awayneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Brigg to witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Brigg based
My wife and I have selected a Brigg conveyancing solicitor for our home move (FTB’s) and have noticed in the terms and conditions that they are not regulated by the Financial Conduct Authority. Need I be worried or is that the norm with property lawyer?
We can't see why they should be. Most conveyancing practitioner don't lend money. They will be regulated by the Solicitors Regulation Authority, who have stringent obligations in relation to monies deposited in their bank.