My husband and I are getting closer to an exchange on a flat in Bilborough and my parents have sent the 10% deposit to my property lawyer. I am now informed that as the deposit has been received from someone other than me my lawyer needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your property lawyer is obliged to check with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
What can a local search tell me about the property we're purchasing in Bilborough?
Bilborough conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Xpress Legal The local search plays an important part in many a Bilborough conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
The deeds to our home can not be found. The conveyancers who did the conveyancing in Bilborough 5 years ago are no longer around. What are my next steps?
You no longer need to hold title official documentation to establish that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I'm buying a new build house in Bilborough with a loan from Birmingham Midshires. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my lawyer about the side-deal as it would affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am thinking of appointing a conveyancing solicitor in Bilborough for my house move. Is it possible to see a firm’s record with the legal regulator?
Members of the public can read presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA could recorded call for training requirements.
I am purchasing a garden flat in Bilborough. Conveyancing solicitor has been waiting for, from the owner, building insurance schedule. Earlier today I was informed that the owner needs to forward the insurance schedule for the flat above also. Why does my conveyancing practitioner need to check the insurance for the other flat? Is it really required? We have been in hold for the previous fortnight…
It is not unheard of in leasehold conveyancing in Bilborough to find Conveyancing in Bilborough in a minority of cases reveals that the lease requires the tenant's to insure their individual flats as opposed to the freeholder insuring the complete building - which is clearly better. You should check with your lawyer but it would seem that your solicitor is attempting to establish that the entire building is insured. Insuring a ground floor residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance.