We were just about to sign contracts for a property in Castle Cary. We have hit a snag. The mortgage offer with Nationwide Building Society runs out on 23/4/2025 but the owners are insisting on a completion date of 25/4/2025. Is it possible to extend the loan expiry date?
The best person to address this question is your conveyancer who is in a position to assess if he or she is better off negotiating with the bank, seller’s solicitors, selling agents or indeed all three given what has gone on in your house move as of today.
My father informed me that in buying a property in Castle Cary there may be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of anumerous of properties in Castle Cary which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Castle Cary should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Completion of my remortgage has taken place for my property in Castle Cary. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
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 Department at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Castle Cary building society branch on a couple of occasions and was told they are content with the situation and they would lend. My Castle Cary conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend in accordance with their published requirements. I simply don't know who is right.
Your property lawyer has to comply with the CML Handbook Part 2 specifications for your lender. 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
three months have elapsed following my purchase conveyancing in Castle Cary took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 premises 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a simple, no chain conveyancing. Castle Cary is where the house is located. Is there any guidance you can give?
Flying freeholds in Castle Cary are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Castle Cary you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Castle Cary 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 residence.
Hoping to buy a property located in Castle Cary and I am already nervous. I couldn't find anything specific about Castle Cary. Conveyancing will be needed in due course but do you know about the Castle Cary area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Castle Cary. In the meantime here are some basic statistics that we found