We were just about to exchange contracts for a freehold house in Ross On Wye. We encountered a problem. The loan offer with Lloyds TSB Bank expires on 25/9/2025 but the owners are suggesting a completion date of 29/9/2025. Can one extend the loan expiry date?
The person best placed to deal with your concern is your conveyancer who will hopefully calculate if they should be discussing with the lender, seller’s solicitors, property agents or conceivably all three taking into account the circumstances your conveyancing to date.
Should conveyancers request money on account for my conveyancing in Ross On Wye?
Where you are retaining lawyers for conveyancing in Ross On Wye your lawyer will request that you put them with funds to cover the search fees. Normally this is needed to cover the fees of the conveyancing searches. If any deposit is as part of the sale price then this will be needed immediately before exchange of contracts. Any further balance that is needed should be sent to your lawyer shortly before completion.
My grandmother passed away last year and as sole heir and executor I was left the house in Ross On Wye. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
We are getting the release of further monies on our home loan from RBS as we intend to carry out a loft conversion to our property in Ross On Wye. Are we obliged to select a nearby Ross On Wye solicitor on the RBS conveyancing panel to handle the legals?
RBS would not normally instruct a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS panel.
We expect to receive a DIP from Leeds Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Ross On Wye solicitors on the Leeds Building Society conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ross On Wye solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
UBS have agreed my mortgage in principle, my bid on a house in Ross On Wye has been agreed to, now what?
Your property agent will want to be advised as to your conveyancer's details (ensure that the solicitors are on the bank’s approved list). Telephone UBS or your financial adviser and finalise any appropriate documentation. UBS will sellect a valuer who will get in contact with the selling agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. UBS will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Ross On Wye.
I'm buying a new build house in Ross On Wye with the aid of help to buy. The developers refused to reduce the price so I negotiated 6k of extras instead. The house builders rep advised me not inform my solicitor about the extras as it may adversely affect my mortgage with Nationwide Building Society. 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.
I have been sourcing a conveyancing practitioner in Ross On Wye for my purchase. Can I review a solicitor's complaints history with the profession’s regulator?
One may find published Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.