We are about to sign contracts for a leasehold flat in Salcombe. We have hit a snag. The loan offer with Bank of Scotland runs out on 12/7/2021 but the sellers are insisting on a completion date of 14/7/2021. Can one extend the mortgage offer?
The person best placed to deal with your question is your conveyancer who should calculate if he or she is should be discussing with the mortgage broker, seller’s representatives, selling agents or possibly all parties based on the circumstances your house move as of today.
I am looking to buy a property and need a conveyancing solicitor in Salcombe who is on the Alliance & Leicester solicitor. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Salcombe. We dont recommend any particular firm.
We are getting a further advance on our home loan from Coventry BS as we intend to conduct a loft conversion to our house in Salcombe. Are we obliged to select a high street Salcombe solicitor on the Coventry BS conveyancing panel to deal with the paperwork?
Coventry BS don't usually require a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.
My husband and I are spending time viewing houses in Salcombe and I am about to put in an offer. Should I already have a conveyancing practitioner appointed at this stage? I am planning to take a home loan with Coventry BS.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are taking out a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Salcombe bank branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Salcombe conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. Who do I believe?
Your solicitor has to follow the CML Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Me and my brother purchased a terraced Edwardian property in Salcombe. Conveyancing practitioner acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be 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 Salcombe and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who completed the work.
What does commercial conveyancing in Salcombe cover?
Salcombe conveyancing for business premises covers a wide array of guidance, supplied by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.