I am getting closer to an exchange on a flat in Blackley and my parents have transferred the 10% deposit to my lawyer. I am now told that as the deposit has not come from me my lawyer needs to disclose this to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is obliged to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather use a Blackley based conveyancing firm?
You should check but the the probability is that appoint one of their panel solicitors where you accept the "fee-free" incentive. Contact the bank to see if they offer you a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Blackley.
I moved into my home on 13 February and the transaction details are still not registered. Should I be concerned? My conveyancing solicitor in Blackley advises it should be registered inside ten days. Are properties in Blackley particularly slow to register?
There is nothing unique when it comes to conveyancing in Blackley registration formalities. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd parties. As of today in the region of three quarters of such applications are completed within 12 days but occasionally there can be extensive hold-ups. Registration is effected once the purchaser has moved in to the property therefore an expedited registration is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor could contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Blackley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Blackley
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
What is different about your site and other online quote calculators when it comes to conveyancing in Blackley?
At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Blackley. As opposed to estate agents and many comparison sites we do not operate referral arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the highest commission, not the best value conveyancing in Blackley
My father has urged me to appoint his conveyancers in Blackley. Should I find my own solicitor?
There are no two ways about it the best way to find a conveyancing lawyer is to have recommendations from friends or relatives who have actually experience in using the solicitor you're contemplating using.