We are about to sign contracts for a ground floor flat in County Durham. We encountered a stumbling block. Our mortgage offer with Barclays Direct expires on 4/2/2019 but the owners are insisting on a completion date of 6/2/2019. Can one extend the loan offer?
The best person to deal with your issue is your solicitors who is in a position to assess whether he or she is corresponding with the mortgage company, seller’s solicitors, selling agents or possibly all parties taking into account the circumstances your transaction as of today.
I am purchasing my first flat in County Durham benefiting from help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not inform my lawyer about this side-deal as it will put at risk my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
What does commercial conveyancing in County Durham cover?
County Durham conveyancing for business premises incorporates a wide array of guidance, given by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My cousin has suggested that I appoint his lawyers for conveyancing in County Durham. Do I take his advice?
There are no two ways about it the best way to find a conveyancing solicitor is to seek referrals from friends or relatives who have actually previously instructed the firm that you are contemplating using.
We have been advised by various friends that it should take 6-8 weeks for County Durham conveyancing to complete.This was a month ago. The property information was only sent to my property lawyer yesterday so does the time start running now?
No official countdown exists for conveyancing in County Durham, or any area in the UK. You just have to ensure that your finances are in place and in due course the rest will come together.