We are a couple about to exchange contracts for a semi detached house in Ebbw Vale. We have hit a problem. The mortgage offer with Barnsley Building Society runs out on 16/9/2019 but the owners are suggesting a completion date of 18/9/2019. Is it possible to prolong the mortgage expiry date?
The best person to address this concern is your conveyancer who will hopefully assess whether he or she is corresponding with the lender, owner’s solicitors, selling agents or indeed all parties given what has gone on in your transaction to date.
It has been three months since my purchase conveyancing in Ebbw Vale concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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'm purchasing my first flat in Ebbw Vale with a loan from Alliance & Leicester . The builders would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about this deal as it would jeopardize my loan with Alliance & Leicester . 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.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Ebbw Vale. I have chance upon a web site which looks to be the perfect offering If it is possible to get all the legals done via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Is it true that a Ebbw Vale conveyancing company taken to court by a client for not carrying out the right conveyancing searches?
Our attention has not be brought to such a Ebbw Vale conveyancing claim but according to a recent report, a couple purchasing a home elsewhere in England successfully won a claim against their lawyer as a consequence of development permission to construct a wind farm not being picked up in conveyancing searches.
If you are buying in Ebbw Vale It is important that your solicitor conduct all Ebbw Vale conveyancing searches needed making sure that you have accurate and up to date information before buying a property.