We are a couple about to exchange contracts for a semi detached house in Fulwell. We have hit a problem. Our loan offer with Aldermore runs out on 17/6/2024 but the sellers are putting forward a completion date of 19/6/2024. Is it possible to extend the mortgage offer?
The best person to deal with your concern is your solicitors who should calculate if he or she is corresponding with the mortgage broker, owner’s solicitors, selling agents or possibly all parties given the history of your conveyancing as of today.
My flat in Fulwell is up for sale and I have a purchaser. Does my conveyancing practitioner need to be required to be on the Lloyds conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We are buying a end of terrace house in Fulwell. The intention is to carry out a loft conversion at the property.Will the conveyancing process include enquiries to ascertain if these works are permitted?
Your property lawyer will check the registered title as conveyancing in Fulwell will sometimes identify restrictions in the title documents which prohibit categories of alterations or require the permission of a 3rd party. Many additions need local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be sensible to check these things with a surveyor prior to committing yourself to a purchase.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Fulwell lawyer on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
I recently had an offer agreed on an apartment in Fulwell. My financial adviser pressured me to appoint their property lawyer. I paid an on account payment of £225. A few days later, the conveyancing practitioner called me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a quick, chain free conveyancing. Fulwell is the location of the property. What do you suggest?
Flying freeholds in Fulwell are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fulwell you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fulwell may determine 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 property.
My solicitors in Fulwell have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the lender conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.