I am getting closer to an exchange on a house in Amersham and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my bank. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancer is obliged to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Can I use your services to locate a Conveyancing solicitor in Amersham even if I’m not buying or selling a house, for instance if I intend to buy an office in Amersham with a mortgage from Bank of Ireland?
The service is primarily utilised to locate domestic conveyancing solicitors in Amersham but we have set out towards the bottom of this page a selection of Amersham commercial conveyancing firms. You will need to enquire with the solicitors directly to see if they are also authorised to represent Bank of Ireland
My Conveyancer in Amersham has never been on on the Virgin Money Solicitor Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are not on the Virgin Money list of approved lawyers?
Your options are as follows:
- Carry on with your existing Amersham solicitors but Virgin Money will need to instruct a conveyancer on their panel. This will result in additional overall conveyancing charges and cause frustration.
- Find a new lawyer to act in the conveyancing, not forgetting to check they are on the Virgin Money panel
My aunt pointed out to me me that in purchasing a property in Amersham there could be various restrictions prohibiting external changes to the property. Is this right?
We are aware of anumerous of properties in Amersham which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Amersham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The mortgage over my property is with Bank of Ireland for my property in Amersham. Conveyancing has been completed a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland?
You must advise Bank of Ireland prior to renting your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel solicitor.
About to purchase house in Amersham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Amersham solicitor is on the Principality conveyancing panel.
About to purchase a new build apartment in Amersham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Amersham
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I have been advised by a few property agents in Amersham to choose a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to recommend your site ahead of a competitor’s?
We don’t make any referral fee for directing people our way. We found it would be just too difficult to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.