We are about to exchange contracts for a freehold house in Derbyshire. We encountered a problem. Our loan offer with Clydesdale expires on 21/12/2026 but the sellers are insisting on a completion date of 23/12/2026. Is it possible to extend the loan offer?
The best person to deal with your concern is your lawyer who is in a position to determine whether they better off negotiating with the mortgage broker, vendor’s conveyancers, estate agents or indeed all three given the history of your conveyancing as of today.
Do banks and building societies provide you with an approved list of Derbyshire conveyancing solicitors? How do you know who is on the UBS conveyancing panel?
Derbyshire conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
Are the BSA planning on creating a online directory to list law firms on the Coventry BS conveyancing panel for example in Derbyshire?
We are not aware of any intention on the part of the BSA to promote such a search facility.
It has been 3 months since my purchase conveyancing in Derbyshire took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Derbyshire with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not reveal to my solicitor about this extras as it could adversely affect my loan with the bank. Is this normal?.
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 UK Finance website. UK Finance 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.
When it comes to my conveyancing in Derbyshire should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Derbyshire conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.