We are about to exchange contracts for a property in Woburn Sands. We have hit a snag. The loan offer with Barclays Direct runs out on 8/1/2026 but the owners are insisting on a completion date of 12/1/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your issue is your lawyer who will hopefully assess if he or she is should be discussing with the bank, owner’s lawyers, property agents or indeed all three based on what has gone on in your transaction as of today.
three months have gone by following my purchase conveyancing in Woburn Sands completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 purchasing a new build house in Woburn Sands with a loan from Halifax. The developers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not disclose to my conveyancer about the side-deal as it may impact my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Woburn Sands is where the house is located. What do you suggest?
Flying freeholds in Woburn Sands are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woburn Sands you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woburn Sands may ascertain 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 residence.
As co-executor for the estate of my uncle I am disposing of a house in Newport but reside in Woburn Sands. My lawyer (based 235 miles awayrequires that I sign a statutory declaration before completion. Can you recommend a conveyancing lawyer in Woburn Sands to attest this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Woburn Sands based
Should one as executor remove a deceased person's name from the title register for a property in Woburn Sands?
Where a Woburn Sands property is co-owned and one of the proprietors passes away, the name will not immediately be removed from the Land Registry title. You are not required to amend the title as in the event of a sale you would just need to supply proof as to the reason the joint owner is not a party to the contract, such as a grant of probate.
With a view to making the sale conveyancing simpler in the future you can apply to have the deceased name erased from the title by applying to HM Land Registry with proof of the death. There is no land registry fee payable.