We were just about to exchange contracts for a freehold house in Stapleford. We have hit a problem. Our mortgage offer with Chelsea Building Society runs out on 2/3/2026 but the owners are suggesting a completion date of 4/3/2026. Can one prolong the mortgage expiry date?
The best person to address this issue is your conveyancer who should assess if he or she is better off negotiating with the mortgage company, owner’s solicitors, selling agents or conceivably all parties taking into account what has happend in your house move as of today.
As someone with no idea as to the Stapleford conveyancing process what is your top tip you can give me for the ownership transfer in Stapleford
Not many law firms shout this from the rooftops but conveyancing in Stapleford and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is plenty of opportunity for confrontation between you and others involved in the transaction. For example, the seller, selling agent and on occasion a lender. Choosing a solicitor for your conveyancing in Stapleford an important selection as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to look after your legal interests and to keep you safe.
Sometimes a third party with a vested interest may try and sway you that you should follow their advice. For instance, the property agent may claim to be assisting by claiming that your conveyancer is wrong. Or your financial adviser may try to convince you to do take action that is against your solicitors advice. You should always trust your lawyer above all other parties in the conveyancing process.
I have justfound out that Wolstenholmes have closed. They carried out my conveyancing in Stapleford for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can carry out 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 Stapleford conveyancing specialists.
I'm buying my first flat in Stapleford benefiting from help to buy. The builders would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my lawyer about this deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
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.
Due to the advice of my in-laws I had a survey completed on a house in Stapleford prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some banks tend not issue a mortgage on this type of property.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stapleford. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my existing home to a BTL loan with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on another house. The neighborhood we are interested in is Stapleford. Will your lawyers be able to act for the two mortgage companies and tie in the two deals?
Make use of our comparison tool on this site to check that the solicitors are approved by both lenders. Having checked that they are your conveyancer should be able to simultaneously deal with the two deals but you should have a chat with you lawyer and communicate your expectations and needs.