We were just about to exchange contracts for a leasehold flat in Sandown. We have hit a stumbling block. Our mortgage offer with Birmingham Midshires expires on 11/6/2025 but the sellers are putting forward a completion date of 13/6/2025. Can one prolong the mortgage expiry date?
The person best placed to deal with your concern is your conveyancer who is in a position to determine whether they corresponding with the bank, owner’s lawyers, estate agents or possibly all parties based on the circumstances your conveyancing as of today.
We note that you have a search directory listing law firms on the Aldermore conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Sandown?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sandown.
Have just purchased a repossessed house at auction in Sandown. Conveyancing is required. What happens now?
Given that you are now legally committed yourself to purchase you now have to find a conveyancing practitioner quickly as you are faced with a pending a drop dead date to complete the transaction. All auction property will ordinarily have a bespoke legal pack. This will likely include evidence of title and search results. In the case of leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that that you have the requisite funding organised to complete the transaction on the set completion date.
Does a directory service exist listing Co-operative panel conveyancers in Sandown on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings open the public on the web. Where you are seeking to appoint a Sandown conveyancing practitioner on the Co-operative please use our facility.
The mortgage over my property is with Yorkshire BS for my property in Sandown. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Yorkshire BS?
Yorkshire BS must be informed of your intention in advance of letting out your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel lawyer.
Just acquired a terraced house in Sandown , how long will it take for the Land Registry to register my title? My Sandown conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.
There is nothing unique about conveyancing in Sandown registration formalities. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether there are errors and if the Land registry communicate with any interested parties. As of today approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place once the buyer is living at the property therefore registration formalities is not always an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
I'm buying a new build house in Sandown benefiting from help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The house builders rep told me not reveal to my solicitor about the side-deal as it will affect my loan with Lloyds TSB Bank. 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.
We are in the process of purchasing a apartment in Sandown. Could the property lawyer have the amount we are are purchasing for private from sites such as Zoopla. Is this possible and how?
HMLR as a matter of law required to reveal price paid data on the official title for residential properties countrywide including premises in Sandown. The register of ownership is an open document, so HM Land Registry would be breaching their statutory duty if they did not grant access to the register.
You can ask the Land Registry to hide the amount paid data however the answer will be a No.