We are about to exchange contracts for a leasehold flat in Powys. We have hit a problem. Our mortgage offer with The Mortgage Works expires on 24/12/2018 but the vendors are putting forward a completion date of 28/12/2018. Can one prolong the loan offer?
The person best placed to deal with your question is your lawyer who should assess whether he or she is better off negotiating with the mortgage broker, seller’s conveyancers, estate agents or possibly all three based on the history of your conveyancing to date.
A relative recommended that if I am buying in Powys I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Powys conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Powys around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Powys Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Powys.
I have todaybeen informed that Stirling Law have been shut down. They carried out my conveyancing in Powys for a purchase of a freehold house 12 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Powys conveyancing specialists.
I am buying a new build house in Powys with a loan from Accord Mortgages Ltd. The builders would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not disclose to my lawyer about this extras as it will affect my mortgage with Accord Mortgages Ltd. 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.
Can you set out some of compelling benefits to selecting a high street conveyancer in Powys
Lots of house movers in Powys decide on using a nearby high street property lawyer so that they can visit in the event that they have concerns, and to sign paperwork rather than run the risk of relying on the post.
Some would say that there exists a slight advantage when selecting a conveyancing practitioner local to the property you are buying, due to the knowledge of the region and possible local concerns - however this is moot. The majority of conveyancers are now online and could be based anywhere.