My partner and I are getting closer to an exchange on a house in Badsey and my parents have sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my property lawyer needs to disclose this to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancer is legally required to check with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Badsey. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this allowed?
If you intend to refinance then Kent Reliance will require that you use a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.
We are buying a victorian detached house in Badsey. We would like to convert the garage to a playroom at the house.Will legal work on the property involve enquiries to ascertain if these alterations are permitted?
Your property lawyer will check the deeds as conveyancing in Badsey can occasionally identify restrictions in the title deeds which prohibit certain alterations or require the consent of another owner. Some additions call for local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
We had appointed solicitors based in Badsey on the Leeds Building Society solicitor approved list. They are now charging me a supplemental charge for dealing with the Leeds Building Society mortgage. Is this a supplemental conveyancing fee set by Leeds Building Society?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. This charge is not set by Leeds Building Society but by your Badsey property lawyer. Some firms on the Leeds Building Society panel will quote an ‘acting for lender’ fee and others do not.
My partner and I are spending time looking at houses in Badsey and I am about to put in an offer. Should I already have a lawyer in place at this point? I intend to finance via a home loan with Coventry BS.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are obtaining a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
I'm converting the mortgage on my primary property to a buy to let loan with Norwich and Peterborough Building Society and I will use the rest of the raised equity as a down payment on another house. The area we are looking at is Badsey. Will your conveyancers be able to act for both sets of mortgage companies and tie in the transactions?
Do use our search tool on this site to be sure that the conveyancers are on the relevant lender panels. On the basis that they are your lawyer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make clear your expectations and needs.
My brother has suggested that I use his conveyancers in Badsey. Should I use them?
Much as we are happy to recommend a Badsey conveyancing lawyer the best way to choose a conveyancing practitioner is to get feedback from friends or relatives who have experience in using the firm you're are thinking of instructing.
Midway through the sale of a leasehold flat in Badsey. Conveyancing is fine but we are being charged an extortionate amount by the freeholder. So far we have forked out £250 for a leasehold management information and then a further £200 plus VAT for supplemental questions raised by the purchaser's solicitor.
Your conveyancing practitioner will not have any say over the level of the charges for this information however the average costs for the information for Badsey leasehold property is £355. For Badsey conveyancing sales it is standard for the seller to pay for these charges. The freeholder or their agents are not duty bound to address these questions most will agree to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no statute that mandates fixed fees for administrative tasks. There is no legal time limit by which they are obliged to provide the information.