We were just about to exchange contracts for a garden flat in Oval. We encountered a snag. Our loan offer with Nationwide Building Society runs out on 28/1/2019 but the vendors are suggesting a completion date of 30/1/2019. Can one extend the loan expiry date?
The person best placed to address this concern is your solicitors who is in a position to assess if he or she is corresponding with the mortgage company, owner’s representatives, estate agents or possibly all parties based on the circumstances your transaction to date.
How up to date is your database of Oval solicitors on the Leeds Building Society conveyancing panel? Do Leeds Building Society send you an updated list?
Oval conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
It has been 2 months following my purchase conveyancing in Oval concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a ground for flat up to £235,500 and found one near me in Oval I like with a park and transport links nearby, however it's only got 51 years unexpired on the lease. There is not much else in Oval for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
How do I identify a Oval solicitor on the Lloyds TSB Bank conveyancing panel? I have wheels and am happy to travel upto 25kilometers to meet the solicitor.
You can use the facility on this website. Please select a mortgage company and your location and you will see a number of Oval conveyancing lawyers located nearest you. We have listed some Oval conveyancing firms towards the end of this page and you can call them to check whether they are on the Lloyds TSB Bank approved list