My wife and I are getting closer to an exchange on a house in Bingley and my parents have transferred the 10% deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my mortgage company. Apparently, 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 about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancer is legally required to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel lawyer as I would much rather instruct a high street conveyancing solicitor in Bingley?
Do check but the the probability is that give you one of their panel conveyancers where you want the "fee-free" offer. Call the bank and see if they make available a cash alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Bingley.
I have recentlybecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in Bingley for a purchase of a freehold house 12 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bingley conveyancing specialists.
My business partner and I are intending to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no costs for commercial conveyancing in Bingley for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Bingley, including the sale and acquisition of businesses as well as simply property. Whether you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. Regarding the fees these will vary based on the structure and complexity of the deal. Please provide us with your details or email us so that we may furnish you with a detailed commercial conveyancing calculation.
I've recently bought a leasehold house in Bingley. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I bought a ground floor flat in Bingley, conveyancing having been completed March 2007. How much will my lease extension cost? Comparable properties in Bingley with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2090
With just 66 years remaining on your lease the likely cost is going to range between £12,400 and £14,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
I was advised by my mortgage company that their approved solicitors work on no completion no charge basis for conveyancing in Bingley. I had a purchase fall through yet the conveyancers have requested search fees! They are stating that the fees are independent!
in offering "no completion no fee" Bingley conveyancing practices are writing off their charges for any work carried out. We should point out that this does not constitute an insurance scheme. Disbursements aren’t covered – where the property lawyer have to pay money out to other people, e.g. Bingley local search fees