We were just about to sign contracts for a property in Clifton Village. We encountered a snag. Our mortgage offer with Santander expires on 3/3/2026 but the vendors are insisting on a completion date of 5/3/2026. Can one prolong the mortgage expiry date?
The best person to address this issue is your conveyancer who is in a position to calculate whether they corresponding with the mortgage company, vendor’s lawyers, selling agents or indeed all parties taking into account the circumstances your conveyancing as of today.
In what way does my ID and proof of funds have anything to do with my conveyancing in Clifton Village? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms of Engagement that you are required to sign will no doubt reaffirm this. Your lender will also require certain documents to be viewed. Should you are unwilling to hand over identification documents, your lawyer can not take you on as a client.
I am buying a new build house in Clifton Village with a mortgage from Coventry Building Society. The developers refused to move on the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not disclose to my lawyer about the side-deal as it will impact 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.
How difficult is it to transfer to a new conveyancer as I have to retain a firm on the Virgin Money conveyancing panel. I was using a local conveyancing solicitor in Clifton Village round the corner but she is not accepted by Virgin Money
It would be our pleasure to assist you find a conveyancing solicitor in Clifton Village on the Virgin Money panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Clifton Village. Using search facility on this website, you can scrutinise fees for conveyancing solicitors in Clifton Village and throughout England and Wales.
My husband and I are FTB’s - had an offer accepted, yet the selling agent has warned us that the seller will only move forward if we appoint the agent's chosen lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Clifton Village
We suspect that the seller is not behind this demand. Should the owner desire ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make the point that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you intend to instruct your own,trusted Clifton Village conveyancing firm - rather thanthe ones that will earn their negotiator at the agency a commission or achieve conveyancing targets pre-set by senior management.
I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable figure which is making it all the more appealing. I have just found out that the title is leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Clifton Village. Conveyancing solicitors have not yet been instructed. Will they explain the issues?
The majority of houses in Clifton Village are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Clifton Village so you should seriously consider looking for a Clifton Village conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the landlord’sconsent to carry out changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your lawyer should appraise you on the various issues.
Leasehold Conveyancing in Clifton Village - A selection of Queries before buying
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How much is the annual service fee and ground rent? Best to be warned whether window replacement or some other major work is coming up that will be shared amongst the leaseholders and will dramatically impact the level of the service charges or require a one time payment. What is the the remaining lease term?