We were just about to sign contracts for a freehold house in Lyneham. We have hit a problem. The loan offer with Barclays runs out on 10/1/2025 but the owners are putting forward a completion date of 14/1/2025. Is it possible to prolong the loan offer?
The person best placed to deal with your issue is your lawyer who should determine if they corresponding with the mortgage company, owner’s conveyancers, selling agents or possibly all three taking into account the circumstances your house move as of today.
I am the registered owner of a freehold residence in Lyneham but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Lyneham and has limited impact for conveyancing in Lyneham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Can I be sure that the Lyneham conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Lyneham getting recommendations is a good starting point. 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 suggest that you speak with the lawyer carrying out your conveyancing.
The formalities of my remortgage has taken place for my property in Lyneham. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
My offer was accepted on a house in Lyneham on 18/9/2024, valuation was booked 4 days after, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Lyneham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Lyneham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lyneham you must be sure that your lawyer goes 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 Lyneham may ascertain 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 premises.
I am looking into buying my first house which is in Lyneham and I am already nervous. I couldn't find anything specific about Lyneham. Conveyancing will be needed in due course but do you know about the Lyneham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Lyneham. In the meantime here are some basic statistics that we found
Our lenders have just issued us with a mortgage offer. We have retained a high street conveyancer in Lyneham yesterday. This morning, our financial adviser phoned to advise us that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the bank had a say Is this legal?
You are at liberty to appoint any conveyencer you prefer to select for your conveyancing in Lyneham however if your bank aren't happy with them you would have to fork out additional cost so the mortgage company can appoint their own lawyers. sometimes it is conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. You can use online tools such as lenderpanel.com to find a conveyancing solcitor in Lyneham on the mortgage company panel. You can go into your high street mortgage company branch in Lyneham. They will know some good conveyancing solicitors in Lyneham on the approved list.