We were just about to sign contracts for a semi detached house in Marchington. We have hit a stumbling block. The loan offer with Norwich and Peterborough Building Society runs out on 10/2/2025 but the vendors are insisting on a completion date of 12/2/2025. Is it possible to extend the mortgage expiry date?
The best person to address this concern is your solicitors who will determine if he or she is better off negotiating with the mortgage company, seller’s lawyers, property agents or conceivably all parties based on what has gone on in your transaction to date.
Do conveyancers ask for money on account for conveyancing in Marchington?
If you are buying a property in Marchington your lawyer will ask you to provide them with funds to cover the search fees. Ordinarily this is needed to cover the fees of the Local Authority Search. If any down payment is as part of the sale price then this will be needed shortly prior to contracts are exchanged. Any further balance that is due should be sent to your lawyer a few days ahead of the completion date.
My property lawyer in Marchington has never been on on the Aldermore Solicitor Panel. Can I still use my family solicitor even though they are not on the Aldermore approved list?
The limited options available to you here include:
- Carry on with your preferred Marchington lawyers but Aldermore will need to retain a solicitor on their panel. This will result in additional total legal fees as well as result in delays.
- Find a new lawyer to act in the purchase, not forgetting to check they are Aldermore approved.
- Persuade your Aldermore based solicitor to try to join the Aldermore panel
I have todaydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Marchington for a purchase of a freehold house 18 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Marchington conveyancing specialists.
I am purchasing a new build house in Marchington with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not disclose to my solicitor about this side-deal as it may adversely affect my mortgage with Barclays Direct. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Am I better off to use a Marchington conveyancing lawyer who is local to the property I am purchasing? An old friend can execute the legal work however they are based over three hundred kilometers away.
The benefit of a local Marchington conveyancing practice is that you can pop in to execute documents, hand in your ID and apply pressure on them if necessary. They will also have local insight which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and they were happy that should outweigh using an unfamiliar Marchington conveyancing lawyer just because they are round the corner.