We were just about to sign contracts for a semi detached house in Easton. We encountered a stumbling block. The loan offer with Platform Home Loans Ltd runs out on 14/1/2026 but the owners are putting forward a completion date of 16/1/2026. Is it possible to extend the mortgage expiry date?
The best person to deal with your issue is your solicitors who should determine whether they corresponding with the bank, seller’s representatives, property agents or possibly all parties based on what has happend in your house move as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Easton? What am I being asked for?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Easton. However these days you will not be able to complete any conveyancing transaction without first submitting evidence of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.
Evidence of the origin of monies is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor must have this information on record. Your Easton conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask further questions concerning the source of funds.
My partner and I have organised a further advance on our mortgage from Co-operative as we wish to carry out alterations to our house in Easton. Are we obliged to choose a bricks and mortar Easton solicitor on the Co-operative conveyancing panel to deal with the legals?
Co-operative do not ordinarily require firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative list.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Easton bank branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Easton conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer must comply with the CML Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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.
HSBC have agreed my mortgage in principle, my offer on a flat in Easton has been accepted, what happens next?
Your estate agent will need to be advised as to your lawyer's details (ensure that the conveyancing practitioners are on the bank’s panel). Telephone HSBC or your financial adviser and finalise any outstanding forms. HSBC will instruct a valuer who will get in touch with the estate agent or vendor to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. HSBC will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Easton.
I am purchasing my first flat in Easton with the aid of help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not disclose to my solicitor about the extras as it may jeopardize 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.
I would like to sublet my leasehold flat in Easton. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Notwithstanding that your last Easton conveyancing solicitor is no longer available you can review your lease to check if you are permitted to let out the premises. The accepted inference is that if the deeds are silent, subletting is permitted. There may be a precondition that you need to obtain consent from your landlord or other appropriate person prior to subletting. The net result is that you cannot sublet without prior permission. The consent is not allowed to be unreasonably turned down. If your lease prohibits you from subletting the property you should ask your landlord if they are willing to waive this restriction.
Easton Leasehold Conveyancing - Sample of Queries Prior to buying
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It would be wise to discover as much as you can concerning the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters such as the cleanliness of the communal areas. Enquire of prospective neighbours what they think of them. In conclusion, investigate as to the dates that the service charges are due to the appropriate party and specifically what it includes. Does this lease have in excess of 82 years remaining? Does the lease have onerous restrictions?
Should local authority permission be necessary to convert a house into multiple appartments in Easton? This has been carried out to a property adjacent to my house in Easton and was ignorant of it happening until the works were done.
Planning Permission yes. Building Regulations yes.