We were just about to exchange contracts for a freehold house in Leamington Spa. We encountered a snag. Our loan offer with Accord Mortgages Ltd expires on 26/8/2025 but the vendors are insisting on a completion date of 28/8/2025. Is it possible to prolong the loan offer?
The person best placed to deal with your issue is your solicitors who is in a position to determine whether he or she is should be discussing with the bank, owner’s representatives, estate agents or possibly all parties given the circumstances your conveyancing as of today.
I had intended to instruct a property lawyer in Leamington Spa for our home move. Our financial adviser has since notified us that our mortgage lenders The Royal Bank of Scotland won't deal with them. Why is this not regarded as unfair competition?
Banks tend to restrict either the type or the amount of conveyancing practices on their member panel. A common example of such criteria being that a law practice must not be a sole practitioner. As well as restricting the type of firm, a few banks have reduced the number of solicitor practices they use to act for them. Be aware that The Royal Bank of Scotland have no responsibility for the quality of advice provided by any member of The Royal Bank of Scotland Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of conveyancing panels a few years ago even though there are mixed opinions regarding the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry indicate that hundreds of law firms, including some in or near Leamington Spa only perform one or two conveyances per annum.
3 months have gone by since my purchase conveyancing in Leamington Spa completed. I have checked the Land Registry site 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 residence 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've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Leamington Spa is where the house is located. Can you offer any assistance?
Flying freeholds in Leamington Spa are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Leamington Spa you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leamington Spa may determine 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 property.
What does commercial conveyancing in Leamington Spa cover?
Leamington Spa conveyancing for business premises covers a wide range of services, offered by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
We're novice buyers - agreed a price, but the estate agent informed us that the owners will only go ahead if we appoint the agent's preferred solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family solicitor used to conveyancing in Leamington Spa
It is unlikely the sellers are behind this. Should the owner want ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Speak to the owners direct and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Leamington Spa conveyancing lawyers - rather thanthose that will earn their negotiator at the agency a introducer fee or meet his conveyancing figures demanded by corporate headquarters.