We were just about to sign contracts for a leasehold flat in Corwen. We encountered a snag. The mortgage offer with Norwich and Peterborough Building Society expires on 7/12/2021 but the owners are insisting on a completion date of 9/12/2021. Can one prolong the loan offer?
The person best placed to deal with your question is your lawyer who is in a position to assess whether he or she is corresponding with the lender, owner’s lawyers, property agents or indeed all three given the circumstances your conveyancing as of today.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to use a Corwen based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers should you accept the "fee-free" deal. Speak to the mortgage company to determine if they make available a monetary alternative. Some banks have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Corwen.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Corwen I like with amenity areas and transport links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Corwen suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
How simple is it to use the search tool to get a fee calculation from a conveyancing practitioner in Corwen on the panel for my mortgage?
First pick a mortgage company such as Santander, Barnsley Building Society or Bank of Ireland then choose your location for example Corwen. Conveyancing firms in Corwen and beyond will then be shown.
In my capacity as executor for the estate of my aunt I am disposing of a property in Monmouth but I am based in Corwen. My lawyer (who is 235 kilometers from merequires that I execute a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Corwen who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are located in Corwen