We are about to sign contracts for a property in Kidsgrove. We encountered a snag. The loan offer with Bank of Ireland runs out on 29/8/2025 but the sellers are insisting on a completion date of 2/9/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your question is your conveyancer who will calculate whether he or she is should be discussing with the mortgage company, vendor’s conveyancers, selling agents or indeed all three taking into account the circumstances your house move to date.
I am considering applying for a Skipton mortgage for purchase of a newly converted (under development) in Kidsgrove with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
My solicitor has informed me that defective lease insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Kidsgrove?
The right level of defective lease indemnity insurance depends on your lender. It would differ for example between HSBC Bank and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
How can we tell if a Kidsgrove conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Kidsgrove getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your conveyancing.
I am due to exchange contracts on my flat. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, RBS are being difficult. The Kidsgrove solicitor who is on the RBS conveyancing panel is recommending indemnity insurance as a solution but RBS are insisting on a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I require fast conveyancing in Kidsgrove as I am under pressure to exchange contracts inside 2 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you are at free not to have searches conducted although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Kidsgrove the following are examples of what can show up and therefore affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
About to purchase a new build apartment in Kidsgrove. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Kidsgrove
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There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared.
Should I stop the direct debit for my mortgage with Coventry BS once a completion date for my home sale in Kidsgrove has been set?
You would be well advised to continue meeting any mortgage sums to Coventry BS pending the mortgage being repaid out of the proceeds of sale as part of your Kidsgrove conveyancing.