We were about to retain a conveyancing solicitor in Topsham endorsed on your site but stumbled across alternative costs illustrations on the internet appear less pricey – how come?
There are plenty of solicitors promoting self styled £99 conveyancing, yet more often than not extracosts result in the completion bill being inflated. Solicitors ought to ensure charges outlined in terms of engagement should be equitable invoiced The conveyancers that we list for conveyancing in Topsham genuinely set out all charges for a domestic conveyancing transaction.
We were just about to exchange contracts for a semi detached house in Topsham. We have hit a stumbling block. The mortgage offer with Skipton Building Society runs out on 24/6/2019 but the vendors are putting forward a completion date of 26/6/2019. Is it possible to extend the loan offer?
The person best placed to address this issue is your lawyer who should calculate whether he or she is better off negotiating with the lender, vendor’s representatives, estate agents or indeed all three taking into account what has gone on in your house move as of today.
Forgive me if this question is silly but I am new to the home buying as a 1st time purchaser of a ground floor flat in Topsham. Do I receive the keys to the premises on the completion date from my conveyancer? If this is the case, I will appoint a local conveyancing solicitor in Topsham?
On the day of completion you will not be required to go to the conveyancers office in Topsham. Your solicitors will transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to collect the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
A relative informed me that in buying a property in Topsham there could be various restrictions prohibiting external changes to the property. Is this right?
We are aware of anumerous of properties in Topsham which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Topsham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My offer was accepted on a property in Topsham on 1/3/2019, valuation was booked 4 days later, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Clydesdale and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Clydesdale conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying my first flat in Topsham with a mortgage from Virgin Money. The developers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about this deal as it may impact my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Topsham I like with a park and station nearby, however it's only got 52 remaining years left on the lease. There is not much else in Topsham for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.