We were just about to exchange contracts for a ground floor flat in Kibworth Beauchamp. We encountered a stumbling block. Our loan offer with Yorkshire Building Society expires on 9/10/2025 but the sellers are insisting on a completion date of 13/10/2025. Can one prolong the loan expiry date?
The person best placed to address this issue is your conveyancer who is in a position to assess whether he or she is should be discussing with the mortgage broker, vendor’s lawyers, estate agents or possibly all parties taking into account the history of your conveyancing to date.
When does exchange of contracts occur in domestic conveyancing in Kibworth Beauchamp and am I required to be at the solicitors office?
If you are near to our conveyancing solicitors in Kibworth Beauchamp you are welcome to attend to sign the paperwork. However, the law practices we recommend offer countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the critical part. A signed contract is just a prerequisite for the firm to exchange contracts at the suitable time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Kibworth Beauchamp)to be in the office available at the end of the phone to exchange contracts.
I have a mortgage with Virgin Money for my property in Kibworth Beauchamp. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Virgin Money?
You must advise Virgin Money prior to renting your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel firm.
I recently had an offer agreed on a house in Kibworth Beauchamp. My mortgage broker recommended their conveyancers. I paid an on account payment of £225. A few days later, the conveyancing practitioner called me sheepishly admitting that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a flat in Kibworth Beauchamp. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Kibworth Beauchamp conveyancing practitioner is on the Co-operative conveyancing panel.
I'm converting the mortgage on my primary house to a buy to let mortgage with Nottingham Building Society and I will use the ballance of the raised equity as a down payment on a second property. The neighborhood we are looking at is Kibworth Beauchamp. Will your conveyancers be able to act for the two lenders and tie in the two deals?
Do use our search tool on this page to be sure that the conveyancers are approved by both lenders. Having checked that they are the solicitor should be able to tie up the two deals but you should talk with you solicitor and specify your expectations and needs.
I need to retain a conveyancing solicitor for some conveyancing in Kibworth Beauchamp. I happened to stumble across a web site which looks to be the ideal solution If there is a chance to get all formalities completed via phone that would be ideal. Should I be concerned? What should out be looking out for?
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?
I only have Sixty One years unexpired on my lease in Kibworth Beauchamp. I need to get lease extension but my landlord is can not be found. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to prove that you or your lawyers have done all that could be expected to find the lessor. In some cases a specialist should be helpful to carry out a search and to produce a report to be used as proof that the freeholder can not be located. It is wise to seek advice from a solicitor both on proving the landlord’s absence and the application to the County Court covering Kibworth Beauchamp.
Kibworth Beauchamp Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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For most Kibworth Beauchamp leaseholds the cost for major works tend not to be built into the maintenance charges, although some managing agents in Kibworth Beauchamp ask leasehold owners to contribute towards a reserve fund created for the specific intention of building a fund for larger repairs or maintenance. You will want to find out as much as possible about the managing agents as they will affect your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to every day issues such as the upkeep of the common parts. You should not be afraid to ask prospective neighbours what they think of their management. In conclusion, find out the dates that the maintenance charges are due to the managing agents and specifically what it includes. Does this lease have more than 82 years remaining?