We are a couple about to exchange contracts for a property in South Normanton. We encountered a snag. The loan offer with National Westminster Bank runs out on 16/9/2019 but the owners are suggesting a completion date of 18/9/2019. Can one prolong the mortgage offer?
The best person to address this issue is your solicitors who should assess if they should be discussing with the lender, vendor’s lawyers, property agents or possibly all parties given the history of your conveyancing to date.
I am assisting my step-mother sell her house in South Normanton. Will the conveyancing solicitor arrange an energy performance certificate or do I organise this?
After the abolition of HIPs, EPC’s was maintained a compulsory element of moving house. An energy performance certificate must be commissioned before the property is advertised. It is not as aspect of the sale process that solicitors ordinarily organise. Where you are instructing a South Normanton conveyancing solicitor they may be able to arrange EPC’s given their relationships with reputable local energy assessors
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my South Normanton bank branch on a couple of occasions and was reassured it wasn't an issue and they will lend. My South Normanton conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancing practitioner is on the lender panel, they must comply with the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling my apartment. I had a double glazing fitted in April 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, RBS are being difficult. The South Normanton solicitor who is on the RBS conveyancing panel is recommending indemnity insurance as a solution but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. South Normanton is where the house is located. Can you offer any opinion?
Flying freeholds in South Normanton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Normanton you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Normanton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am 17 days into a leasehold purchase having been referred to conveyancers by the high street agent to do our conveyancing in South Normanton. I am not happy. Can you help me find new conveyancers?
They would need to be very poor to suggest replacing them. Has the mortgage been sent? If so you must advise them of the replacement solicitor and get the mortgage documents are re-issued. The solicitor ideally needs to be on the banks panel to avoid supplemental costs and complications. That should be your starting point. Our find a solicitor tool will assist you in finding a bank approved solicitor for your home move in South Normanton
A couple of weeks ago I was informed by my bank that their approved conveyancers work on no completion no charge basis for conveyancing in South Normanton. My purchase did not proceed and now the conveyancers want search fees! They are stating that the fees are independent!
By promising "no move no fee" South Normanton conveyancing firms are foregoing their fees for any work conducted. We must stress this does not constitute an insurance scheme. Disbursements aren’t covered – where the conveyancer have to pay money out to independent parties, for instance South Normanton local search fees