We were just about to exchange contracts for a ground floor flat in Bicester. We encountered a stumbling block. Our mortgage offer with Coventry Building Society expires on 18/3/2025 but the vendors are insisting on a completion date of 20/3/2025. Is it possible to extend the mortgage expiry date?
The person best placed to address this issue is your lawyer who will determine whether they should be discussing with the mortgage broker, vendor’s solicitors, selling agents or possibly all three taking into account what has happend in your conveyancing as of today.
We are selling our house in Bicester. Does my conveyancing practitioner need to be required to be on the Barclays conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
I am purchasing my first flat in Bicester with a mortgage from Chelsea Building Society. The sellers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not reveal to my lawyer about the deal as it could adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How does the Landlord & Tenant Act 1954 affect my business offices in Bicester and how can you help?
The particular law that you refer to provides protection to business tenants, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Bicester
Is it true that a Bicester conveyancing firm got sued by clients for failing to conduct the right conveyancing investigations?
Our attention has not be brought to such a Bicester conveyancing claim but according to a recent report, a couple buying a house elsewhere in England successfully won a case against their conveyancing practitioner due to development plans to erect a wind farm not being identified in conveyancing searches.
If you are contemplating buying a home in Bicester It is critical that your property lawyer conduct all Bicester conveyancing searches required making sure that you have accurate and current information ahead of purchasing a property.