We were just about to exchange contracts for a garden flat in Llwyngwril. We have hit a problem. Our loan offer with Lloyds TSB Bank runs out on 7/4/2026 but the owners are insisting on a completion date of 9/4/2026. Is it possible to prolong the loan offer?
The best person to deal with your concern is your solicitors who will hopefully determine whether they should be discussing with the lender, seller’s representatives, selling agents or indeed all three given the circumstances your conveyancing to date.
Do the Building Society Association intend to launch a search tool with a view to list practices on the Earl Shilton BS conveyancing panel for instance in Llwyngwril?
We have not been informed any intention on the part of the BSA to develop such a search facility.
I'm buying a new build house in Llwyngwril with a mortgage from Santander. The sellers would not move on the amount so I negotiated 6k of extras instead. The estate agent suggested that I not to tell my lawyer about this extras as it will put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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 am looking for a leasehold apartment up to £305k and found one round the corner in Llwyngwril I like with a park and transport links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Llwyngwril suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
How easy is it to switch solicitor as I need to appoint one who is on the Leeds Building Society conveyancing panel. I hired a family conveyancing solicitor in Llwyngwril round the corner but he is not approved by Leeds Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Llwyngwril on the Leeds Building Society panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Llwyngwril. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Llwyngwril.