We were just about to exchange contracts for a leasehold flat in New Milton. We have hit a problem. The loan offer with Yorkshire Building Society expires on 24/4/2025 but the vendors are suggesting a completion date of 28/4/2025. Can one prolong the mortgage expiry date?
The person best placed to address this issue is your lawyer who should assess whether he or she is should be discussing with the mortgage company, vendor’s conveyancers, property agents or possibly all parties given the history of your conveyancing to date.
I need some expedited conveyancing in New Milton as I have pressure to sign on the dotted line within one month. Fortunately I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at free not to have searches carried out although no solicitor would suggest that you don't. With lots of history conveyancing in New Milton the following are instances of what can show up and therefore impact market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
Have purchased a a semi-detached house in New Milton , how long should it take for the Land Registry to record my proprietorship? My New Milton conveyancing solicitor works at snail pace, so I want to be sure that my name is recorded.
As far as conveyancing in New Milton is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timescales can differ depending on the party submitting the application, whether there are errors and whether the Land registry need to notify any other parties. As of today roughly 80% of such applications are completed within two weeks but occasionally there can be protracted hold-ups. Historically registration occurs after the new owner has moved in to the premises thus registration formalities is not typically primary concern but where there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build house in New Milton with a mortgage from National Westminster Bank. The sellers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The estate agent told me not reveal to my lawyer about the side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in New Milton prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some lenders will refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in New Milton. Conveyancing will be smoother if you use a solicitor in New Milton especially if they are familiar with such properties in New Milton.
I am using a search engine for the words cheap conveyancing in New Milton it brings up many conveyancersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for my move?
The ideal way of choosing the right conveyancer is via personal testimonial, so seek the counsel of colleagues and those you trust who have acquired a property in New Milton or the local estate agent or financial adviser. Fees for conveyancing in New Milton vary, so it's a good idea to obtain at least four quotes from different solicitors. Make sure that you know what costs in the quote includes.