We are only a couple days away from an exchange on a house in Bredon and my mum and dad have sent the ten percent deposit to my solicitor. I am now told that as the deposit has not arrived from me my conveyancer needs to disclose this to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the lender regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your property lawyer is obliged to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I require expedited conveyancing in Bredon as I am faced with a deadline to sign on the dotted line inside 4 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Bredon the following are examples of issues that can be revealed and adversely impact future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
I used Stirling Law several years ago for my conveyancing in Bredon. I now require my file but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bredon of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Hoping to buy a property located in Bredon and I am already nervous. I couldn't find anything specific about Bredon. Conveyancing will be needed in due course but do you know about the Bredon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bredon. In the meantime here are some basic statistics that we found
I am a negotiator for a busy estate agency in Bredon where we see a number of flat sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local Bredon conveyancing solicitors. Can you shed some light as to whether the seller of a flat can commence the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Bredon Leasehold Conveyancing - Examples of Queries Prior to buying
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How long is the Lease? It is important to be aware whether a new roof is being put on or some other major work is due shortly that will be shared amongst the leaseholders and will materially increase the the service fees or require a specific invoice. The majority of Bredon leasehold apartments will incur a service charge for maintenance of the block levied by the landlord. Where you acquire the property you will have to meet this liability, normally quarterly accross the year. This could differ from a couple of hundred pounds to thousands of pounds for large purpose-built blocks. In all probability there will be a rentcharge to be met yearly, this is usually not a significant figure, say about £25-£75 but you need to enquire it because occasionally it can be surprisingly expensive.
How much experience do your Bredon conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Bredon conveyancing lawyers help thousands of people move home every year and helped plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Bredon conveyancers have worked on recent similar cases.