We were just about to sign contracts for a garden flat in Builth Wells. We encountered a stumbling block. Our mortgage offer with Alliance & Leicester expires on 3/8/2026 but the owners are insisting on a completion date of 5/8/2026. Is it possible to extend the mortgage offer?
The best person to address this issue is your solicitors who will hopefully determine whether they better off negotiating with the mortgage broker, owner’s representatives, property agents or conceivably all three based on the circumstances your transaction as of today.
Our bank has recommended a law firm on their panel based in Builth Wells but I would rather choose a conveyancing lawyer in Builth Wells or nearer to where I live. Can you assist?
The minority of Builth Wells conveyancing practices are on all banks conveyancing panel. Use the above find an approved solicitor tool to find a Builth Wells conveyancing solicitor on the on the bank panel.
I am selling our house in Builth Wells and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Builth Wells. Having lived in Builth Wells for many years we know that this is a non issue. Should we get in touch with our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am buying a new build house in Builth Wells with a mortgage from Nationwide Building Society. The builders refused to move on the amount so I negotiated 6k of additionals instead. The house builders rep told me not inform my solicitor about the extras as it could affect my loan with the bank. Should I keep quiet?.
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.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Builth Wells is where the house is located. Can you offer any assistance?
Flying freeholds in Builth Wells are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Builth Wells you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Builth Wells 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.
We're new on the property ladder - agreed a price, yet the selling agent has warned us that the seller will only move forward if we instruct the agent's recommended solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Builth Wells
We suspect that the owner is unaware of this demand. If they desire ‘a quick sale', alienating a serious purchaser is is going to put the whole deal at risk. Contact the owners directly and make the point that (a)you are serious buyers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)however you are going to appoint your preferred Builth Wells conveyancing firm - not the ones that will provide the negotiator at the agency a kickback or meet his conveyancing targets pre-set by head office.