We were just about to sign contracts for a property in West Dean. We encountered a problem. Our loan offer with Bank of Ireland runs out on 17/6/2026 but the sellers are suggesting a completion date of 19/6/2026. Can one extend the mortgage expiry date?
The person best placed to address this issue is your conveyancer who will hopefully assess whether he or she is should be discussing with the mortgage company, owner’s solicitors, estate agents or indeed all three given the history of your house move to date.
Finally the sale completed on my house in West Dean last July yet the purchaser is Skype messaging every few hours to moan that his lawyer is waiting to hear from mylawyer. What are the post completion sale formalities following completion?
Following your disposal your lawyer should forward the transfer deeds and all of the paperwork to the buyer’s lawyers. If applicable, your lawyer should also evidence that the legal charge in favour of the lender has been redeemed to the buyers solicitors. There are no post completion steps unique to conveyancing in West Dean.
What will a local search inform me about the house we're buying in West Dean?
West Dean conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search is essential in every West Dean conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
3 months have elapsed since my purchase conveyancing in West Dean took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in West Dean with a loan from Virgin Money. The developers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not disclose to my lawyer about the side-deal as it may impact my mortgage with Virgin Money. Do I keep my lawyer in the dark?.
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.
I am looking for a flat up to £235,500 and identified one near me in West Dean I like with open areas and transport links in the vicinity, however it only has 49 years on the lease. There is not much else in West Dean suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.