We were just about to exchange contracts for a ground floor flat in Wiveliscombe. We encountered a stumbling block. Our mortgage offer with Aldermore runs out on 3/3/2026 but the owners are insisting on a completion date of 5/3/2026. Can one prolong the loan offer?
The person best placed to deal with your question is your conveyancer who will assess if they corresponding with the mortgage company, seller’s lawyers, selling agents or conceivably all three given what has happend in your transaction as of today.
We wanted to use a property lawyer in Wiveliscombe for our home move. Our broker has since notified us that our mortgage company Alliance & Leicester won't deal with them. Why is this not regarded as unfair competition?
A decade ago most lenders had an appetite for risk which was higher than today. Almost all Wiveliscombe conveyancing firms would have been on most lender panels. The financial services regulator in 2010 conducted a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms concerning their operations and their employees and establishing certain criteria such a completing on a minimum volume of transactions. Many Wiveliscombe conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Wiveliscombe is one of the numerous locations where the solicitors we recommend are on the panel for Alliance & Leicester .
I am helping my mother sell her house in Wiveliscombe. Does the solicitor commission an energy performance certificate or do I organise this?
After the abolition of HIPs, EPC’s was left as a compulsory component of moving property. An EPC should be commissioned before the property is placed on the market. This is not a task that lawyers ordinarily organise. If you are using a Wiveliscombe conveyancing lawyer they might be able to arrange energy performance certificates given their contacts with long established Wiveliscombe providers
I am expecting a OIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Wiveliscombe solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Wiveliscombe solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
My offer on a house in Wiveliscombe has been accepted, the vendors do nevertheless have a connected purchase. The owners have placed an offer on somewhere, however it’s not been accepted yet, and are looking at other apartments in the pipeline. I have selected a high street conveyancing solicitor in Wiveliscombe. What should be my next step? At what stage do I apply for the mortgage with Leeds Building Society?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then valuation, Wiveliscombe conveyancing search fees, etc). The first course of action is to check that your conveyancing practitioner is on the Leeds Building Society approved list. Regarding the subsequent phase this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a buoyant market some purchasers would apply for a home loan with Leeds Building Society and pay for the valuation and only if it was satisfactory would they request their solicitor to proceed with the conveyancing in Wiveliscombe.
I used Stirling Law several years ago for my conveyancing in Wiveliscombe. I now require my papers however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Wiveliscombe of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Wiveliscombe I like with a park and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Wiveliscombe for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
How can the Landlord & Tenant Act 1954 affect my commercial premises in Wiveliscombe and how can you help?
The 1954 Act gives protection to business tenants, giving them the dueness to apply to court for a new tenancy and continue in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Wiveliscombe