We are about to sign contracts for a semi detached house in Mundesley. We have hit a snag. The mortgage offer with Norwich and Peterborough Building Society expires on 20/3/2025 but the vendors are suggesting a completion date of 24/3/2025. Can one prolong the loan offer?
The best person to address this question is your conveyancer who is in a position to calculate whether they corresponding with the bank, vendor’s lawyers, property agents or conceivably all three based on the circumstances your house move as of today.
I'm buying a new build house in Mundesley benefiting from help to buy. The developers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my conveyancer about the side-deal as it will put at risk my loan with the lender. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Mundesley is where the house is located. Is there any advice you can give?
Flying freeholds in Mundesley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Mundesley you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mundesley may determine 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 property.
What tools are available to search for a Mundesley law firm on the Alliance & Leicester conveyancing panel? I have wheels and am prepared to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the tool on this website. Please choose the bank and your location and you will see a number of Mundesley conveyancing lawyers located nearest you. We have listed some Mundesley conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Alliance & Leicester member panel
In sourcing the world wide web for the term conveyancing in Mundesley it shows results of numerous solicitorslocally. How do I determine which is the suitable conveyancer for my move?
The ideal way of choosing the right conveyancer is via personal testimonial, so seek the guidance of friends and family who have purchased a property in Mundesley or the local estate agent or financial adviser. Charges for conveyancing in Mundesley vary, so it's a good idea to request at least four fee calculations from varying types of solicitors. Make sure that you know that the fees are fixed.