We were just about to sign contracts for a semi detached house in Old Swan. We encountered a problem. The mortgage offer with TSB runs out on 6/2/2019 but the vendors are putting forward a completion date of 8/2/2019. Is it possible to extend the mortgage offer?
The person best placed to deal with your question is your solicitors who should assess if they corresponding with the mortgage broker, vendor’s solicitors, selling agents or indeed all three taking into account the circumstances your house move as of today.
We see that you have a post code search directory listing law firms on the Clydesdale conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Old Swan?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Old Swan.
My wife and I own a 4 bedroom Edwardian property in Old Swan. Conveyancing lawyer acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess 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 Old Swan 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 lenders. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.
I am purchasing a new build house in Old Swan with a mortgage from Aldermore. The sellers refused to reduce the amount so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my lawyer about this deal as it may put at risk my mortgage with the lender. Is this normal?.
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 have been recommended a conveyancing solicitor in Old Swan. I need to find out if they are on the lender's conveyancing panel. Could you or the lender confirm if they are on the panel?
One option is to phone the lawyer to enquire if they are on the bank's panel. If that does not help call us and we can make some checks for you. If they are not on the bank panel we we can help find a specialist conveyancing solicitor in Old Swan on the approved list for your mortgage company.