We were just about to exchange contracts for a freehold house in Kingston Vale. We encountered a problem. The mortgage offer with Bank of Ireland runs out on 29/5/2026 but the owners are putting forward a completion date of 2/6/2026. Is it possible to prolong the loan expiry date?
The best person to address this concern is your lawyer who will hopefully assess whether they better off negotiating with the mortgage broker, owner’s solicitors, estate agents or conceivably all parties given what has happend in your conveyancing to date.
What does my ID and proof of funds have anything to do with my conveyancing in Kingston Vale? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Kingston Vale. Nowadays you will not be able to proceed with any conveyancing deal if you have not providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as evidence of ID it must be both the paper part and photo card part, one is not sufficient without the other.
Proof of your source of funds is mandated in accordance with the Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor will need to have this information on record. Your Kingston Vale conveyancing lawyer will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further questions regarding the origin of monies.
I'm buying a new build house in Kingston Vale with the aid of help to buy. The builders refused to budge the price so I negotiated 6k of additionals instead. The house builders rep told me not reveal to my conveyancer about this side-deal as it may impact my loan with Santander. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 opted to have a survey carried out on a house in Kingston Vale ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some banks tend refuse to issue a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kingston Vale. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kingston Vale to see if the conveyancing will be more expensive.
Are there any apps to help identify a Kingston Vale solicitor on the Barnsley Building Society conveyancing panel? I have a car and am happy to travel upto 10kilometers to meet the solicitor.
You can use the search on this website. Please pick a bank and your location and you will see a number of Kingston Vale conveyancing lawyers located nearest you. We have detailed some Kingston Vale conveyancing firms towards the end of this page and you can contact them to check whether they are on the Barnsley Building Society approved list
All being well we will complete our sale of a £175,000 garden flat in Kingston Vale in 5 days. The freeholder has quoted £360 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Kingston Vale?
Kingston Vale conveyancing on leasehold maisonettes often involves the purchaser’s lawyer submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to assist. They may charge a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it exceeds £800. The administration charge demanded by the landlord must be accompanied by a summary of rights and obligations in relation to administration charges, otherwise the charge is not strictly payable. In reality one has no choice but to pay whatever is demanded should you wish to exchange contracts with the buyer.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Kingston Vale conveyancing firm to act on my behalf?
Where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to make a decision on the price.
An example of a Freehold Enfranchisement decision for a Kingston Vale premises is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case affected 3 flats. The unexpired term as at the valuation date was 66.25 years.