My wife and I are nearing an exchange on a property in Ashton Under Lyne and my mum and dad have sent the exchange deposit to my conveyancer. I am now told that as the deposit has not come from me my solicitor needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your lawyer is obliged to check with lender to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am considering applying for a Yorkshire BS mortgage for purchase of a newly converted (under development) in Ashton Under Lyne with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Yorkshire BS ?
There is nothing to stop you using your solicitor, but Yorkshire BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I require fast conveyancing in Ashton Under Lyne as I am under an ultimatum to complete within one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Ashton Under Lyne the following are examples of what can crop up and therefore affect the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Ashton Under Lyne is the location of the property. What do you suggest?
Flying freeholds in Ashton Under Lyne are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ashton Under Lyne you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ashton Under Lyne 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 premises.
Given that I will soon part with 450k on a garden flat in Ashton Under Lyne I wish to talk to a solicitor regarding thehouse move before instructing the firm. Can this be arranged?
This is something that we encourage - we would be pleased to talk to you we do not take any clients on without you liaising with the conveyancer due to be doing your conveyancing in Ashton Under Lyne.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Ashton Under Lyne should be the figure that you are charged.
Back In 2008, I bought a leasehold flat in Ashton Under Lyne. Conveyancing and Alliance & Leicester mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Ashton Under Lyne who previously acted has now retired. Do I pay?
The first thing you should do is contact the Land Registry to be sure that this person is in fact the new freeholder. There is no need to instruct a Ashton Under Lyne conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Ashton Under Lyne Leasehold Conveyancing - A selection of Queries Prior to buying
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How much is the annual service fee and ground rent? It is important to be aware if a new roof is being put on or some other significant cost is due in the foreseeable future to be shared by the leasehold owners and could well materially impact the level of the service fees or require a one off payment.