I am nearing an exchange on a house in Billingshurst and my mum and dad have transferred the exchange deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my lawyer needs to disclose this to my bank. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The property lawyer is obliged to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
The deeds to my home are lost. The conveyancers who conducted the conveyancing in Billingshurst 4 years ago are no longer around. What are my options?
As long as the title is registered the details of your proprietorship will be held by HMLR under a Title Number. It is possible to conduct a search at the Land Registry, find your property and order up to date copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will also normally hold a file duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
I am buying a new build house in Billingshurst with a mortgage from TSB. The sellers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not disclose to my solicitor about the extras as it will impact my loan with the lender. Do I keep my lawyer in the dark?.
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.
I am looking to sell my property. My former lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Billingshurst if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Billingshurst. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
What advice can you give us when it comes to appointing a Billingshurst conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Billingshurst conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Billingshurst conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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If they are not ALEP accredited then why not? How experienced is the firm with lease extension legislation?
Leasehold Conveyancing in Billingshurst - Sample of Questions you should consider Prior to buying
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Be sure to find out if there is anything that is prohibited in the lease. For example some leases prohibit pets being permitted in in a block in Billingshurst. If you like the apartmentin Billingshurst yet your cat is not allowed to make the move with you then you will be presented with a difficult compromise. Please note if it is less than eighty years it will impact the salability of the flat. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and it is worth discovering what this will be. For most Billingshurstlease extensions you would be be obliged to have been the owner of the property for two years before you are legally able to extend the lease.
I need to assess estimates for conveyancing in Billingshurst from various conveyancing practitioner and appoint one. Am I right to ask them to sit tight until I a suitable flat to buy.
We would recommend that you wait to ask your conveyancing practitioner to open a file and order searches once the sales confirmation has been sent by the estate agent especially as Billingshurst conveyancing searches are not inexpensive.