We are about to exchange contracts for a leasehold flat in Stony Stratford. We have hit a stumbling block. Our mortgage offer with Norwich and Peterborough Building Society runs out on 24/12/2026 but the owners are suggesting a completion date of 30/12/2026. Can one prolong the mortgage expiry date?
The best person to deal with your concern is your solicitors who will hopefully calculate whether he or she is should be discussing with the bank, seller’s solicitors, estate agents or possibly all parties based on the circumstances your conveyancing as of today.
My wife and I have recently appointed a conveyancing solicitor in Stony Stratford. I I would like to check whether they are on the Aldermore approved list of lawyers. Can you advise?
The first thing you should do is phone the lawyer and ask them whether they can act for the bank. Otherwise you should get in touch with Aldermore who may be able to assist.
I have justdiscovered that Stirling Law have closed. They carried out my conveyancing in Stony Stratford for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest way to see if the premises 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 Stony Stratford conveyancing specialists.
I am purchasing a new build house in Stony Stratford with the aid of help to buy. The sellers refused to move on the amount so I negotiated 6k of extras instead. The estate agent told me not disclose to my solicitor about this extras as it would put at risk my loan with National Westminster Bank. 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 UK Finance website. UK Finance 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 house in Stony Stratford before appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may not issue a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stony Stratford. Conveyancing will be smoother if you use a solicitor in Stony Stratford especially if they regularly deal with such properties in Stony Stratford.
Do I need to be wary that 3rd parties that I am dealing with are suggesting a nationwide conveyancing firm as opposed to a local Stony Stratford conveyancing practice?
As is the case with many professional services, often input from family and friends can be most helpful. Yet there are numerous players in a conveyancing matter; estate agents, financial adviser and banks might all recommend conveyancers to select. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You have the right to select your preferred conveyancer. However, bear in mind that some mortgage providers specify a panel list of lawyers you have to use for the mortgage related work in your transaction.