We were just about to exchange contracts for a garden flat in North Cornelly. We encountered a snag. The loan offer with Norwich and Peterborough Building Society runs out on 15/4/2019 but the owners are suggesting a completion date of 17/4/2019. Can one extend the mortgage offer?
The person best placed to deal with your issue is your solicitors who will assess whether he or she is should be discussing with the mortgage company, seller’s conveyancers, estate agents or conceivably all three taking into account the history of your house move as of today.
What does my ID and proof of funds have anything to do with my conveyancing in North Cornelly? Why is this being asked of me?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in North Cornelly. Nowadays you will not be able to complete any conveyancing process without first submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are providing your driving licence as evidence of identification it must be both the paper element as well as the photo card part, one is not acceptable without the other.
Proof of the source of funds is mandated under Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer will need to have this information on record. Your North Cornelly conveyancing lawyer will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask additional queries concerning the source of monies.
The estate agent has sent us the confirmation of our purchase of a new build flat in North Cornelly. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in North Cornelly
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey carried out on a property in North Cornelly before instructing solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders tend refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in North Cornelly. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in North Cornelly to see if the conveyancing costs will increase in light of this.
I am a couple of weeks into a residential purchase having been recommend to conveyancers by the high street agent to perform conveyancing in North Cornelly. We are not happy. Can you you assist me in finding new conveyancers?
A solicitor would need to be really bad to suggest changing them. Has your mortgage been issued? If so you must inform them of the new contact details and ensure the loan are issued to the new lawyers. Your new conveyancer should be on the banks panel to avoid escalating costs and delays. That should be your starting point. Our find a solicitor tool will assist you in finding a lender approved conveyancer for your home move in North Cornelly