We are about to sign contracts for a leasehold flat in Williton. We encountered a stumbling block. The mortgage offer with Alliance & Leicester expires on 26/3/2026 but the owners are putting forward a completion date of 30/3/2026. Is it possible to prolong the loan expiry date?
The person best placed to deal with your question is your conveyancer who is in a position to calculate whether they should be discussing with the lender, owner’s lawyers, selling agents or possibly all parties based on what has happend in your conveyancing as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Williton? What am I being asked for?
In order to comply with Money Laundering Regulations any Williton conveyancing firm will require proof of identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, property lawyers are required to ascertain not only the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I have been recommended a conveyancing solicitor in Williton. I I am struggling to find out if they are accepted on the Virgin Money conveyancing panel. Can you help?
You should call the conveyancer and enquire if they can act for the bank. Otherwise you should get in touch with Virgin Money who may be able to help.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Williton?
There are many recorded licenced Conveyancers in Williton and Solicitor partnerships in Williton who can help with your conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. Both can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I have decided to exercise my right to buy my property in Williton off the council. I have a mortgage offer with Aldermore. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
I can not work out if my lender requires a lease extension. I have called my Williton bank branch on various occasions and was told they are content with the situation and they would lend. My Williton conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend based on their published requirements. I simply don't know who is right.
The solicitor has to follow the CML Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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.
About to purchase a new build apartment in Williton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Williton
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
In surfing the internet for the words conveyancing in Williton it brings up numerous solicitorsin the vicinity. How do I determine which is the right conveyancer for me?
The preferential way of seeking a suitable conveyancer is via personal recommendation, so seek the opinion of colleagues and relatives who have bought a property in Williton or a respected estate agent or mortgage broker. Costs for conveyancing in Williton vary, so it's sensible to request a minimum of three fee estimates from varying types of property lawyers. Dont forget to clarify what costs in the quote includes.