We were just about to exchange contracts for a leasehold flat in Huntingdon. We have hit a stumbling block. The mortgage offer with HSBC Bank runs out on 27/9/2021 but the owners are putting forward a completion date of 29/9/2021. Can one prolong the loan offer?
The best person to address this question is your lawyer who will hopefully calculate if they better off negotiating with the lender, seller’s representatives, selling agents or possibly all parties given the history of your house move to date.
We are buying a property and need a conveyancing solicitor in Huntingdon who is on the RBS solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS . We don't recommend any particular firms conducting conveyancing in Huntingdon.
Will our lawyer be asking questions concerning flooding during the conveyancing in Huntingdon.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Huntingdon. Plenty of people will buy a house in Huntingdon, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, however there are a number of checks that may be initiated by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Huntingdon. The standard completed inquiry forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to discover whether the property has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the vendor, then a buyer could issue a claim for damages as a result of such an misleading response. A purchaser’s lawyers will also commission an enviro report. This should disclose if there is a recorded flood risk. If so, further investigations should be conducted.
My wife and I own a renovated Edwardian property in Huntingdon. Conveyancing practitioner acted for me and TSB. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Huntingdon and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
I'm purchasing a new build house in Huntingdon with a mortgage from Aldermore. The sellers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not reveal to my lawyer about this side-deal as it would affect my mortgage with the bank. 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.