We were just about to sign contracts for a garden flat in Stow on the Wold. We encountered a stumbling block. The mortgage offer with Skipton Building Society runs out on 28/9/2021 but the sellers are putting forward a completion date of 30/9/2021. Is it possible to prolong the mortgage offer?
The best person to address this question is your solicitors who will calculate if he or she is better off negotiating with the mortgage company, vendor’s solicitors, estate agents or possibly all three taking into account the history of your conveyancing as of today.
I am assisting my step-mother sell her flat in Stow on the Wold. Does the solicitor commission the energy assessment or do I organise this?
Following the demise of Home Packs, EPC’s became a compulsory part of selling a property. An EPC needs to be commissioned in advance of the property being advertised. This is not as aspect of the sale process that solicitors normally organise. If you are using a Stow on the Wold conveyancing lawyer they might be able to arrange energy performance certificates given their relationships with reputable Stow on the Wold providers
The formalities of my remortgage has taken place for my property in Stow on the Wold. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
It is unclear whether my bank requires a lease extension. I have called into my local Stow on the Wold bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Stow on the Wold conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your solicitor must follow the Council of Mortgage Lenders’ Handbook section two 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I moved into my home on 7 July and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Stow on the Wold said it will be dealt with in a couple of weeks. Are titles in Stow on the Wold uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Stow on the Wold registration formalities. Rather than based on location, timeframes can vary subject to who lodges the application, whether there are errors and whether the Land registry have to notify any interested parties. As of today approximately three quarters of such applications are completed within two weeks but occasionally there can be longer hold-ups. Registration occurs once the new owner is living at the premises so an expedited registration is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Stow on the Wold is the location of the property. Is there any guidance you can impart?
Flying freeholds in Stow on the Wold are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stow on the Wold you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stow on the Wold may ascertain 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 premises.
Am I best advised to use a Stow on the Wold conveyancing practitioner based in the area that I am buying? I have an old university friend who can perform the legal work however her office is approximately 350kilometers away.
The benefit of a high street Stow on the Wold conveyancing firm is that you can visit the firm to execute paperwork, hand in your identification documents and pester them where appropriate. They will also have local knowledge which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that must surpass using an unfamiliar Stow on the Wold conveyancing lawyer just because they are based in the area.