I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Ilfracombe building society branch on a couple of occasions and was told they are content with the situation and they would lend. My Ilfracombe conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
As long as the property lawyer is on the lender panel, she or he must follow the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am selling my house. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Aldermore are being a right pain. The Ilfracombe solicitor who is on the Aldermore conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I had an offer accepted on a property in Ilfracombe on 26/10/2018, valuation was booked 3 days after, all came back fine. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
We are buying a property and the solicitor has raised the issue of Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly required for conveyancing in Ilfracombe
Unless a previous acquisition of the house took place post 12 October 2013 you can expect lawyers handling conveyancing in Ilfracombe to continue to propose a a chancel search and or chancel repair liability policy.
How does conveyancing in Ilfracombe differ for new build properties?
Most buyers of new build residence in Ilfracombe approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Ilfracombe tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ilfracombe or who has acted in the same development.
I am looking to sell my house. My former solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Ilfracombe if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Ilfracombe. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Should I stop the direct debit for my mortgage with Lloyds as soon as a completion date for my home sale in Ilfracombe has been agreed?
You are best advised to maintain paying any mortgage payments to Lloyds pending the mortgage being repaid on completion as part of your Ilfracombe conveyancing.