We are about to exchange contracts for a semi detached house in Penistone. We encountered a snag. Our mortgage offer with Leeds Building Society runs out on 9/3/2026 but the sellers are suggesting a completion date of 11/3/2026. Is it possible to extend the loan expiry date?
The best person to deal with your concern is your solicitors who will hopefully determine if they corresponding with the mortgage broker, owner’s conveyancers, estate agents or conceivably all parties based on the circumstances your house move to date.
What does my ID and proof of funds have anything to do with my conveyancing in Penistone? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you need to sign will no doubt confirm this. Your lender will also require certain documents to be checked. Should you refuse to supply ID verification documents, your solicitor will not be able to take you on as a client.
Will our conveyancer be asking questions about flooding as part of the conveyancing in Penistone.
Flooding is a growing risk for solicitors specialising in conveyancing in Penistone. Some people will purchase a property in Penistone, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to give advice on flood risk, however there are a various searches that can be carried out by the buyer or by their solicitors which will figure out the risks in Penistone. The conventional set of information given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard question of the vendor to determine whether the property has suffered from flooding. In the event that the premises has been flooded in past and is not notified by the owner, then a buyer could bring a claim for damages stemming from an incorrect answer. A buyer’s lawyers will also order an enviro search. This will higlight whether there is any known flood risk. If so, additional investigations will need to be initiated.
I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Penistone for a purchase of a leasehold flat 10 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to see if the premises is in your name, you can make 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 Penistone conveyancing specialists.
I am buying my first flat in Penistone with a loan from The Royal Bank of Scotland. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my solicitor about the extras as it would adversely affect my loan with The Royal Bank of Scotland. 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.
I am four weeks into a freehold purchase having been directed to solicitors by the high street agent to execute conveyancing in Penistone. I am am extremely frustrated with the level of service. Can you help me find new lawyers?
A conveyancer would have to be really bad in order to consider replacing them. Has your loan offer been sent? In the event that it has you will need to advise them of the replacement lawyer and get the mortgage documents are re-sent. The conveyancer needs to be on the lenders panel to avoid escalating charges and delays. So that should be your starting point. Our find a solicitor tool can assist you in finding a bank approved solicitor for your home move in Penistone