We are a couple about to exchange contracts for a property in Seascale and Sellafield. We encountered a stumbling block. The mortgage offer with Nationwide Building Society expires on 12/6/2019 but the sellers are insisting on a completion date of 14/6/2019. Can one prolong the mortgage offer?
The best person to address this issue is your conveyancer who is in a position to calculate whether they corresponding with the mortgage broker, owner’s representatives, property agents or indeed all three given the circumstances your conveyancing to date.
We are buying a end of terrace house in Seascale and Sellafield. We would like to convert the garage to an office at the property.Will legal due diligence on the property involve checks to see if these alterations are prohibited?
Your conveyancer will check the deeds as conveyancing in Seascale and Sellafield can sometimes reveal restrictions in the title deeds which restrict certain changes or necessitated the permission of another owner. Many works need local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these things with a surveyor ahead of any purchase.
I am purchasing a property in Seascale and Sellafield. A rare aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Bank of Ireland your lawyer must check the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Bank of Ireland. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and solicitors are required to report to Bank of Ireland where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties nationwide and is not limited to Seascale and Sellafield.
After shopping around on the internet I have found a Seascale and Sellafield conveyancer having made sure that they are on the Coventry BS conveyancing panel. Does my lawyer arrange the survey of the property?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Seascale and Sellafield surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
It has been four months since my purchase conveyancing in Seascale and Sellafield took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 was pointed in your direction by numerous selling agents in Seascale and Sellafield to select a property lawyer on your site. What’s the financial upside for Estate Agents to recommend your site over alternative conveyancing organisations?
We don’t make any commission for sending work to this site. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have recently had an offer accepted on an apartment in Seascale and Sellafield and the broker that we are using suggested his lawyer. She quoted £1000 excluding VAT and disbursements. Does this sound steep?
You should not rely on a single estimate. You should seek like-for-like quotes for your conveyancing in Seascale and Sellafield. Then select one that you trust and just as important, is on the approved list of the bank that you have applied for a mortgage from.