We were just about to exchange contracts for a property in Droitwich Spa. We have hit a snag. Our mortgage offer with Alliance & Leicester runs out on 4/12/2025 but the vendors are suggesting a completion date of 8/12/2025. Can one extend the loan offer?
The person best placed to address this question is your solicitors who will calculate whether he or she is should be discussing with the lender, seller’s lawyers, estate agents or indeed all parties taking into account what has happend in your conveyancing as of today.
My brother-in-law has suggested I instruct a conveyancing solicitor in Droitwich Spa. I need to find out whether they are on the Chelsea Building Society conveyancing panel. Could you or the lender confirm if they are on the panel?
You should phone your solicitor and ask them whether they can act for the bank. Otherwise you can get in touch with Chelsea Building Society who may be able to assist.
I'm the sole beneficiary of my late mum's will with all property in now in my sole name, including the house in Droitwich Spa. The Droitwich Spa property was put into my name in September. I plan to dispose of the property. I do know about the CML 6 month 'rule', which means that my proprietorship will be considered the same way as if I'd bought the property in September. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How practical a view banks take of it, depend on the mortgage company as this obligation is primarily there to pick up on subsales or the quick reselling of property.
My offer was accepted on an apartment in Droitwich Spa on 15/8/2025, valuation was booked five days after, all came back fine. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
Virgin Money have agreed my home loan in principle, my bid on a flat in Droitwich Spa has been accepted, what happens next?
The estate agent will want to know who your solicitors are (ensure that the lawyers are on the bank’s approved list). Call up Virgin Money or the financial adviser and complete any outstanding paperwork. Virgin Money will appoint a valuer who will get in touch with the selling agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes approximately a week to get a mortgage offer. Virgin Money will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Droitwich Spa.
I am buying my first flat in Droitwich Spa benefiting from help to buy. The builders would not budge the price so I negotiated 6k of additionals instead. The sale representative advised me not disclose to my conveyancer about this deal as it may put at risk my mortgage with Barnsley Building Society. 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.
Due to the input of my in-laws I had a survey completed on a property in Droitwich Spa before appointing conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some lenders will refuse to issue a mortgage on such a property.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Droitwich Spa. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Droitwich Spa to see if the conveyancing costs will increase in light of this.
In scouring the world wide web for the term conveyancing in Droitwich Spa it reveals numerous solicitorsin the vicinity. How do I determine which is the right conveyancing solicitor for my move?
The ideal way of finding a suitable conveyancer is via trusted referral, so ask friends and those you trust who have acquired a property in Droitwich Spa or a reputable estate agent or mortgage broker. Costs for conveyancing in Droitwich Spa differ, so it's advisable to secure a minimum of four fee estimates from different conveyancers. Make sure that you know what costs in the quote includes.