We are about to exchange contracts for a semi detached house in Whittlesey. We have hit a stumbling block. Our loan offer with Virgin Money runs out on 17/12/2025 but the sellers are insisting on a completion date of 19/12/2025. Can one extend the loan offer?
The person best placed to address this concern is your conveyancer who is in a position to assess if they corresponding with the mortgage broker, vendor’s representatives, estate agents or possibly all three given the history of your house move as of today.
I'm the only recipient of my late mum's estate and I have everything in my name alone, including the my former home in Whittlesey. Conveyancing formalities meant that the Land Registry date was in September. I plan to dispose of the property. I understand that there is a CML 6 month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the house in September. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How practical a view mortgage companies take of it, depend on the mortgage company as this clause primarily exists to identify subsales or the quick reselling of property.
We expect to receive a AIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Whittlesey solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Whittlesey solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I can not fathom if my lender requires a lease extension. I have called into my local Whittlesey building society branch on numerous occasions and was informed it wasn't a problem and they would lend. My Whittlesey conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend based on their published requirements. Who do I believe?
The lawyer has to comply with the Council of Mortgage Lenders’ Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Are there restrictive covenants that are commonly identified during conveyancing in Whittlesey?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Whittlesey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Whittlesey is where the house is located. Can you offer any advice?
Flying freeholds in Whittlesey are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whittlesey you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whittlesey may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Taking into account that I will soon part with over three hundred thousand on a garden flat in Whittlesey I would like to have a conversation with the solicitor concerning theconveyancing in advance of instructing the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer who will be conducting your conveyancing in Whittlesey.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter number. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Whittlesey should be the figure that you are charged.
I need to appoint a conveyancing solicitor for purchase conveyancing in Whittlesey. I've stumble across a web site which seems to have the perfect solution If there is a chance to get all this stuff done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?