We were just about to sign contracts for a ground floor flat in Coleford. We encountered a problem. The loan offer with Bank of Scotland runs out on 29/7/2025 but the owners are insisting on a completion date of 31/7/2025. Can one extend the loan expiry date?
The person best placed to address this concern is your solicitors who should assess whether he or she is should be discussing with the lender, seller’s solicitors, property agents or indeed all parties taking into account the history of your house move as of today.
Can your site be used to find a Conveyancing solicitor in Coleford even where I’m not purchasing or selling a house, for instance if I want to buy a shop in Coleford with a loan from Birmingham Midshires?
Our search tool is predominantly there to find residential conveyancing solicitors in Coleford but we have listed towards the bottom of this page a few Coleford commercial conveyancing firms. You should enquire with the company directly to check if they are also authorised to represent Birmingham Midshires
I am selling my home in Coleford. Does my conveyancer need to be required to be on the RBS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
Have completed on a a semi-detached house in Coleford , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Coleford conveyancing solicitor has been painfully slow, so I want to check that my ownership is registered.
There is nothing unique about conveyancing in Coleford registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any third persons or bodies. As of today approximately three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be longer delays. Registration occurs after the new owner has moved in to the premises so 'speed' is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for an expedited registration.
I'm purchasing my first flat in Coleford with a loan from Leeds Building Society. The sellers refused to reduce the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not reveal to my conveyancer about the extras as it would impact my loan with the lender. Is this normal?.
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 am looking for a conveyancing lawyer in Coleford for my purchase. Is there any facility to review a firm’s record with the legal regulator?
You may search for documented Solicitor Regulator Association (SRA) determinations arising from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training purposes.