We are about to sign contracts for a garden flat in Wotton under Edge. We have hit a problem. Our loan offer with The Royal Bank of Scotland expires on 4/3/2026 but the sellers are putting forward a completion date of 6/3/2026. Can one prolong the mortgage offer?
The person best placed to deal with your question is your solicitors who is in a position to determine whether they corresponding with the mortgage broker, vendor’s representatives, property agents or possibly all parties based on the history of your house move to date.
Do I need to pay for insurance to cover chancel repairs when purchasing a property in Wotton under Edge?
Unless a previous purchase of the property took place after 12 October 2013 you could assume that conveyancing practitioners conducting conveyancing in Wotton under Edge to remain encouraging a chancel search and or chancel repair liability policy.
My wife and I purchased a renovated Georgian property in Wotton under Edge. Conveyancing solicitor represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching address. Is it worth asking The Royal Bank of Scotland to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wotton under Edge and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing practitioner who conducted the conveyancing.
I am buying my first flat in Wotton under Edge with the aid of help to buy. The sellers refused to move on the price so I negotiated £7000 of extras instead. The house builders rep advised me not inform my lawyer about the deal as it may adversely affect my loan with Coventry Building Society. 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.
Due to the guidance of my in-laws I had a survey completed on a property in Wotton under Edge prior to appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies may refuse to give a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wotton under Edge. Conveyancing will be smoother if you use a solicitor in Wotton under Edge especially if they are familiar with such properties in Wotton under Edge.
In surfing the world wide web for the term conveyancing in Wotton under Edge it shows results of many conveyancersin the vicinity. With so much choice what is the best way to find the suitable solicitor for purchase transaction?
The best way of choosing the right conveyancer is through a personal recommendation, so ask friends and those you trust who have purchased a property in Wotton under Edge or the reputable estate agent or mortgage broker. Costs for conveyancing in Wotton under Edge vary, so it's a good idea to request a minimum of four fee estimates from varying types of property lawyers. Dont forget to clarify what costs in the quote includes.