We are a couple about to exchange contracts for a property in Wickersley. We encountered a snag. Our mortgage offer with Santander expires on 30/5/2025 but the sellers are putting forward a completion date of 3/6/2025. Is it possible to extend the mortgage offer?
The person best placed to address this concern is your solicitors who will hopefully assess if he or she is corresponding with the lender, vendor’s solicitors, estate agents or conceivably all parties given what has gone on in your transaction as of today.
How up to date is your search tool for Wickersley conveyancing solicitors on the Clydesdale conveyancing panel? Do Clydesdale send you an updated list?
Wickersley 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.
I am purchasing a property and the conveyancer has referenced Chancel Repair for which the property could be obligated to contribute to as it falls into the area of such a church. She has recommended insurance. Is this strictly appropriate for conveyancing in Wickersley
Unless a prior purchase of the property took place after 12 October 2013 you may take it that solicitors carrying out conveyancing in Wickersley to remain encouraging a chancel search and or insurance against a claim.
I'm buying a new build house in Wickersley with a loan from Virgin Money. The sellers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent told me not inform my conveyancer about this side-deal as it may put at risk my loan with the bank. Is this normal?.
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 thinking of appointing a conveyancing solicitor in Wickersley for my home move. Is there any facility to check a firm’s complaints history with the profession’s regulator?
One can search for presented Solicitor Regulator Association (SRA) determinations arising from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator could monitor call for training reasons.
I today plan to offer on a house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since found out that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Wickersley. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Wickersley ?
The majority of houses in Wickersley are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Wickersley in which case you should be shopping around for a Wickersley conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to conduct alterations. You may also be required to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your conveyancer should report to you on the legal implications.
I am the registered owner of a studio flat in Wickersley, conveyancing formalities finalised 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Wickersley with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease comes to an end on 21st October 2091
You have 66 years unexpired we estimate the price of your lease extension to range between £11,400 and £13,200 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.