We are a couple about to sign contracts for a semi detached house in Bubwith. We encountered a problem. The loan offer with Clydesdale expires on 21/1/2021 but the owners are suggesting a completion date of 25/1/2021. Is it possible to prolong the mortgage offer?
The best person to deal with your concern is your lawyer who will assess if they should be discussing with the bank, seller’s solicitors, selling agents or conceivably all parties taking into account the circumstances your house move as of today.
This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Bubwith. Do I collect the keys to the property on completion from my solicitor? If so, I will find a High Street conveyancing solicitor in Bubwith?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be able to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
I am aiming to move house in December. Does my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you put forward a removal company in Bubwith. Conveyancing firm was chosen prior to coming across this site.
On the afternoon of completion you can collect the keys from your property agent however this can only happen after the previous owners conveyancers inform the agent that the monies to complete are in and the keys can be released. After that you will need to inform the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal organisation but can help you locate a residential property solicitor in Bubwith or a legal practice with expertise in conveyancing in Bubwith.
It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Bubwith bank branch on a couple of occasions and was reassured it wasn't a problem and they would lend. My Bubwith conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend based on their specific requirements. Who do I believe?
The property lawyer has to comply with the CML Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I bought my home on 14 July and my personal details is yet to be registered. Should I be concerned? My conveyancing solicitor in Bubwith expressed confidence that it will be recorded in a couple of weeks. Are transfers in Bubwith uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Bubwith registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry must send notices to any third parties. At present approximately three quarters of submission are completed within two weeks but occasionally there can be longer delays. Historically registration takes place after the purchaser is living at the premises so an expedited registration is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers should contact the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Bubwith is the location of the property. Can you offer any opinion?
Flying freeholds in Bubwith are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bubwith you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bubwith may decide 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.
The solicitors handling our conveyancing in Bubwith has sent documents to review that show the property is unregistered with epitome documents. Why is the property not registred at the Land Registry?
The majority of property in Bubwith is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Bubwith conveyancing lawyers will be able to handle such matters but in the event that uncertainty reigns the standard proposition nowadays is for the current owners to address the registration formalities first and thereafter deal with the transfer to the buyer - this will have a domino effect to result in a prolonged transaction.