We are about to sign contracts for a leasehold flat in Killay. We encountered a snag. The loan offer with Leeds Building Society runs out on 29/6/2026 but the vendors are insisting on a completion date of 1/7/2026. Is it possible to prolong the mortgage expiry date?
The best person to address this issue is your solicitors who will calculate if he or she is corresponding with the mortgage broker, vendor’s lawyers, property agents or indeed all three taking into account what has happend in your conveyancing to date.
I had intended to instruct a property lawyer in Killay for our house purchase. Our broker has since notified us that our mortgage company Skipton Building Society won't deal with them. Why is this not regarded as unduly restrictive?
Pre- 2008 most mortgage companies had an appetite for risk which was higher than today. Almost all Killay conveyancing firms would have been on most bank panels. The financial services regulator in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms concerning their operations and their employees and establishing certain criteria such a completing on a minimum number of conveyancing. Many Killay conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Killay is one of the thousands of locations where the lawyers we list are are authorised to act for Skipton Building Society.
four months have gone by since my purchase conveyancing in Killay took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey carried out on a house in Killay prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will refuse to issue a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you contact us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Killay. Conveyancing may be slightly more expensive based on your lender's requirements.
My company is hoping to take over a lease of an office on a shopping parade. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Killay for below 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Killay, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to buy or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can find you the right solicitor. Regarding the costs this will depend on the structure and nuances of the proposed transaction. Let us have your details or telephone us so that we can furnish you with a detailed commercial conveyancing calculation.
I need to find a conveyancing solicitor for leasehold conveyancing in Killay. I happened to chance upon a site which looks to be the perfect offering If it is possible to get all formalities done via phone that would be preferable. Should I 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?