We are about to exchange contracts for a freehold house in Winscombe. We have hit a stumbling block. Our mortgage offer with Halifax runs out on 26/3/2025 but the sellers are insisting on a completion date of 28/3/2025. Can one prolong the mortgage offer?
The person best placed to address this issue is your conveyancer who will determine whether they should be discussing with the mortgage company, vendor’s conveyancers, selling agents or possibly all parties based on what has gone on in your conveyancing as of today.
We see that you have a post code search directory listing firms on the RBS conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Winscombe?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Winscombe.
Are all Winscombe Conveyancing Quality Solicitors on the Principality conveyancing panel?
Some major lenders now make use of the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.
Can I be sure that the Winscombe conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Winscombe getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your transaction.
I am purchasing a property in Winscombe. A rare aspect is that the roof has a solar panel. Skipton have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Skipton your lawyer must follow the formal requirements contained in Part two of UK Finance Lenders’ Handbook for Skipton. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Skipton where a lease fails to satisfy these requirements. The requirements relate to the installation of panels on properties countrywide and is not restricted to Winscombe.
Are there restrictive covenants that are commonly picked up during conveyancing in Winscombe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Winscombe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Winscombe I like with amenity areas and transport links nearby, however it only has 49 years on the lease. I can't really find anything else in Winscombe suitable, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.