We are a couple about to exchange contracts for a freehold house in Theale. We have hit a snag. The loan offer with Godiva Mortgages Ltd expires on 19/3/2025 but the owners are insisting on a completion date of 21/3/2025. Can one prolong the mortgage offer?
The best person to address this issue is your solicitors who will hopefully assess whether they corresponding with the lender, seller’s solicitors, selling agents or conceivably all parties based on the history of your conveyancing to date.
Are the Theale conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
Theale conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
The deeds to my home can not be found. The conveyancers who did the conveyancing in Theale 10 years ago have long since closed. Will I be able to sell the house?
Gone are the days when you need to have the physical deeds to establish that you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
I'm buying a new build house in Theale with a loan from Bank of Ireland. The builders refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not inform my lawyer about this extras as it may put at risk my loan with the lender. 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Theale I like with open areas and transport links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Theale for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
A loan agreement from a mortgage company for the remortgage of my 3 bedroom garden flat is coming any day now. Can you recommend a cheap remortgage conveyancing practitioner in Theale ?
You have come to the wrong place to search for the cheapest conveyancing solicitors in Theale. We can offer you value for money conveyancing but we do not work with the cheapest lawyers. Do not be fooled by companies offering low cost conveyancing in Theale.In your best case scenario, in going for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in extras and still not get the service required.