We are about to exchange contracts for a property in East Yorkshire. We encountered a stumbling block. The loan offer with The Mortgage Works runs out on 22/9/2025 but the owners are suggesting a completion date of 24/9/2025. Is it possible to extend the mortgage offer?
The person best placed to deal with your question is your conveyancer who is in a position to determine whether they should be discussing with the mortgage broker, owner’s conveyancers, property agents or conceivably all three based on the history of your transaction as of today.
I used Stirling Law a few years ago for my conveyancing in East Yorkshire. I now require my file but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in East Yorkshire of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in East Yorkshire with a mortgage from The Royal Bank of Scotland. The developers refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not to tell my lawyer about the extras as it would put at risk my loan with The Royal Bank of Scotland. Should I keep quiet?.
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.
Over the last few months I have been searching for a flat up to £245,000 and identified one near me in East Yorkshire I like with amenity areas and transport links in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in East Yorkshire in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Is it possible to switch solicitor as I have to find one who is on the Britannia conveyancing list. I hired a high street conveyancing solicitor in East Yorkshire five minutes from me but he is not approved by Britannia
We will our best to assist in finding you a conveyancing solicitor in East Yorkshire on the Britannia panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in East Yorkshire. Using the find a conveyancing solicitor tool on this page, you can compare costs for conveyancing solicitors in East Yorkshire and throughout England and Wales.