We are a couple about to exchange contracts for a property in Warwick. We encountered a stumbling block. Our loan offer with Platform Home Loans Ltd runs out on 17/6/2026 but the vendors are insisting on a completion date of 19/6/2026. Is it possible to extend the loan offer?
The person best placed to address this question is your lawyer who will hopefully calculate whether they should be discussing with the mortgage company, owner’s lawyers, estate agents or conceivably all three taking into account what has happend in your conveyancing as of today.
I am buying my first flat in Warwick with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not inform my lawyer about the extras as it will jeopardize my mortgage with Bank of Scotland. Should I keep quiet?.
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.
I am looking for a leasehold apartment up to £195,000 and found one close by in Warwick I like with a park and railway links nearby, however it's only got 52 years unexpired on the lease. There is not much else in Warwick in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage that many years will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Warwick?
At this site get an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Warwick. As opposed to estate agents and many comparison sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' the firm that pays the most kickback, as opposed to the best value conveyancing in Warwick
My brother has urged me to appoint his conveyancing solicitors in Warwick. Should I use them?
No doubt it’s preferable to select a conveyancing practitioner is to have guidance from friends or relatives who have actually used the firm that you are considering.
We are looking to buy a repression flat in Warwick and the bank selling would like to complete inside 28 days. Do conveyancers meet that timeframe? Would it be better to instruct a high street Warwick firm or an online company that professes to complete quickly?
Attend your Warwick shopping parade. Pop in to two or three firms and request to talk to a conveyancing solicitor for a quote. Explain your needs and get assurances on speed. Select the one that comes across as most genuine. Be sure to select a lawyer on the panel of conveyancers who can act for your bank.