We were just about to sign contracts for a freehold house in Colerne. We have hit a problem. The loan offer with Yorkshire Building Society expires on 6/5/2025 but the owners are putting forward a completion date of 8/5/2025. Is it possible to extend the loan expiry date?
The best person to deal with your question is your conveyancer who will hopefully determine whether they corresponding with the lender, vendor’s lawyers, property agents or possibly all three based on what has happend in your transaction as of today.
We see that you have a post code search directory listing solicitors on the Nottingham conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Colerne?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Colerne.
What is the difference between a licensed conveyancer and conveyancing solicitor in Colerne
Two types of professional can execute conveyancing in Colerne namely CLC regulated conveyancers or solicitors. The two can administer the legal services that you need to complete the disposal or acquisition of property. Both are required to execute Colerne conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that all necessary steps should be appropriately followed.
I am buying a property in Colerne. A rare aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Leeds Building Society your lawyer must follow the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Leeds Building Society where a lease fails to satisfy these provisions. The conditions relate to the installation of panels on properties nationwide and is not restricted to Colerne.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Colerne bank branch on various occasions and was informed it wasn't a problem and they would lend. My Colerne conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The conveyancer has to follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have recentlybeen informed that Arc property Solicitors have closed. They conducted my conveyancing in Colerne for a purchase of a leasehold apartment 18 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The quickest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Colerne conveyancing specialists.
I am buying a new build house in Colerne benefiting from help to buy. The developers would not budge the price so I negotiated £7000 of additionals instead. The house builders rep told me not reveal to my lawyer about this extras as it will jeopardize my mortgage 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 thinking of appointing a conveyancing lawyer in Colerne for my house move. Is it possible to check a firm’s complaints history with the profession’s regulator?
Members of the public may read documented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA sometimes recorded call for training requirements.