We were just about to sign contracts for a garden flat in Meir. We encountered a problem. Our loan offer with Barclays expires on 18/2/2025 but the vendors are insisting on a completion date of 20/2/2025. Can one extend the loan expiry date?
The person best placed to deal with your concern is your solicitors who should assess if they better off negotiating with the bank, vendor’s conveyancers, estate agents or conceivably all three taking into account the history of your transaction as of today.
It is 10 years ago since I bought my property in Meir. Conveyancing lawyers have now been appointed on the sale but I am unable to track down my title documents. Is this a problem?
You need not be too concerned. Firstly there is a possibility that the deeds will be with your lender or they could stored with the lawyers who handled your purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Meir involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
I am buying a garden flat in Meir. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Meir you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Meir.
My wife and I are planning on selling our home in Meir and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Meir conveyancer would know this is not the case. It does beg the question why the purchasers instructed a nationwide conveyancing firm rather than a conveyancing solicitor in Meir. Having lived in Meir for 5 years we know of no issue. Do we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am buying my first flat in Meir with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of additionals instead. The estate agent told me not disclose to my lawyer about this extras as it may put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
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.