We are about to sign contracts for a garden flat in East Bergholt. We have hit a problem. The loan offer with Bank of Ireland expires on 5/1/2026 but the vendors are insisting on a completion date of 7/1/2026. Can one prolong the mortgage offer?
The best person to deal with your question is your solicitors who will assess if he or she is should be discussing with the lender, seller’s solicitors, selling agents or conceivably all parties taking into account what has gone on in your transaction to date.
We just had an offer accepted to purchase with Darlington Building Society. We have called around locally but am struggling to find a East Bergholt conveyancing firm on the Darlington Building Society panel. Can you help?
Feel free to make the most of the search tool on this web page. Please choose the lender and type East Bergholt or your location and you will discover numerous conveyancers located in East Bergholt or near you.
We are buying a property in East Bergholt. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to deposit funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it correct that all East Bergholt CQS (Conveyancing Quality Scheme) solicitors are on the UBS conveyancing panel?
Some major lenders now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
We previously chose conveyancers located in East Bergholt on the Virgin Money solicitor panel. They are now charging me a further sum for handling the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your conveyancer can levy a fee for this. The fee is not dictated by Virgin Money but by your East Bergholt solicitor. Some firms on the Virgin Money panel will levy ’dealing with mortgage’ fee and others do not.
I am purchasing a new build house in East Bergholt with a mortgage from Birmingham Midshires. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not to tell my solicitor about the extras as it could affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Helen (my wife) and I may need to let out our East Bergholt basement flat temporarily due to a career opportunity. We used a East Bergholt conveyancing practice in 2003 but they have since shut and we did not think at the time seek any guidance as to whether the lease allows us to sublet. How do we find out?
Some leases for properties in East Bergholt do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
East Bergholt Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing
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Is the freehold reversion owned collectively by the leaseholders? Who is in charge of the building? You will want to discover as much as possible about the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to practical issues like the upkeep of the communal areas. Enquire of other people what they think of them. Finally, investigate as to the dates that the maintenance charges are due to the managing agents and specifically what you get for your money.
I own a leasehold flat in East Bergholt. Conveyancing was finished in last year. I have read on a number of advice forums that I mustn’t allow the the remaining lease term to fall too short. Is this correct?
East Bergholt residential long term leases are for a set period - often 99 years when they started. However many appartments in East Bergholt were constructed or converted in the 60’s and so such leases now have under 80 years left to run. That may sound like a long time but Banks, Building Societies and other mortgage institutions generally require leases to have a minimum of 75 years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To optimize the saleability of your property you should be considering whether or not to extend your lease well in advance of selling the property. Furthermore significant benefits to doing so before the lease reaches even 80 years as when the lease falls below 80 years the amount to be paid to extend starts to get a lot more expensive.