We are about to exchange contracts for a semi detached house in Martock. We encountered a snag. Our mortgage offer with Nationwide Building Society runs out on 17/4/2025 but the owners are suggesting a completion date of 23/4/2025. Can one extend the loan expiry date?
The best person to address this question is your lawyer who will determine whether they should be discussing with the lender, vendor’s lawyers, property agents or indeed all three taking into account what has gone on in your transaction as of today.
As a FTB what is the most important piece of guidance you can give me concerning purchase conveyancing in Martock?
You may not hear this from too many lawyers but conveyancing in Martock or throughout Somerset is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of opportunity for conflict between you and others involved in the ownership transfer. For instance, the seller, property agent and on occasion a mortgage company. Selecting a law firm for your conveyancing in Martock should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the legal process whose responsibility is to protect your best interests and to protect you.
There is a worrying ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. We recommend that you must always trust your lawyer above the other parties in the conveyancing process.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to instruct a specialised conveyancing solicitor in Martock?
Do check but the chances are that allocate you one of their panel lawyers where you want the "fee-free" offer. Call the mortgage company to ask if they offer you a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Martock.
I am purchasing a new build house in Martock with a loan from Santander. The sellers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about this side-deal as it will adversely affect my mortgage 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.
My husband and I are 14 days into a residential purchase having been recommend to a firm by the high street agent to perform conveyancing in Martock. I am not happy. Can you help me find new lawyers?
They would need to be really bad to suggest diss instructing them. Has your mortgage been sent? In the event that it has you need to inform them of the new lawyer and get the offer are re-issued. Your new solicitor ideally should be on the lenders panel to avoid escalating expenses and delays. So that should be your starting point. Our search tool can assist you in finding a lender approved lawyer for your conveyancing in Martock
I only have 68 years remaining on my flat in Martock. I need to get lease extension but my freeholder is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to locate the lessor. For most situations an enquiry agent would be useful to carry out a search and to produce an expert document which can be used as proof that the freeholder can not be located. It is wise to seek advice from a solicitor in relation to investigating the landlord’s absence and the application to the County Court overseeing Martock.
Martock Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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It would be prudent to investigate if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being allowed in in a block in Martock. If you love the flatin Martock however your cat can’t make the move with you then you have a very difficult choice. Does the lease contain onerous restrictions?