We were just about to exchange contracts for a ground floor flat in Forest Row. We have hit a problem. Our loan offer with Leeds Building Society runs out on 12/6/2025 but the vendors are suggesting a completion date of 16/6/2025. Is it possible to extend the loan offer?
The person best placed to address this issue is your conveyancer who will calculate if they should be discussing with the bank, seller’s lawyers, property agents or indeed all three taking into account what has happend in your house move to date.
Do banks and building societies provide you with an approved list of Forest Row conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?
Forest Row conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
My colleague recommended that where I am purchasing in Forest Row I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Forest Row conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Forest Row around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Forest Row Education with plans and statistics, Local Amenities and other useful information concerning Forest Row.
I am buying my first flat in Forest Row with a loan from Nationwide Building Society. The sellers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not to tell my solicitor about the extras as it may affect my mortgage with the lender. 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 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Forest Row is where the house is located. Can you offer any guidance?
Flying freeholds in Forest Row are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Forest Row you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Forest Row may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to appoint a conveyancing solicitor for some conveyancing in Forest Row. I have chance upon a site which appears to be the ideal answer If there is a chance to get all the legals completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?