We were just about to exchange contracts for a semi detached house in Cheadle Hulme. We have hit a stumbling block. The mortgage offer with Accord Mortgages Ltd expires on 23/1/2025 but the sellers are suggesting a completion date of 27/1/2025. Can one extend the loan offer?
The person best placed to deal with your concern is your lawyer who will hopefully assess if he or she is better off negotiating with the mortgage company, owner’s conveyancers, selling agents or conceivably all parties given the history of your transaction as of today.
Do the Building Society Association intend to launch a searchable register to to identify firms on the Melton Mowbray Building Society conveyancing panel for example in Cheadle Hulme?
We would not expect to be advised of any plans on the part of the BSA to develop such a tool.
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Cheadle Hulme?
Its becoming the norm that commercial conveyancing solicitors in Cheadle Hulme will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Cheadle Hulme. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cheadle Hulme.
For each commercial conveyancing transaction in Cheadle Hulme it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Cheadle Hulme commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Cheadle Hulme.
I'm buying my first flat in Cheadle Hulme with a mortgage from Yorkshire Building Society. The builders refused to budge the amount so I negotiated 6k of additionals instead. The property agent suggested that I not disclose to my solicitor about this extras as it may adversely affect 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 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 have been on the look out for a leasehold apartment up to £235,500 and identified one close by in Cheadle Hulme I like with a park and transport links in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Cheadle Hulme suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage that many years may be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
My brother has suggested that I use his conveyancing solicitors in Cheadle Hulme. Should I find my own property lawyer?
No doubt the ideal way to choose a conveyancing lawyer is to seek guidance from friends or family who have actually used the conveyancer that you are considering.