My wife and I are only a couple days away from an exchange on a house in Camberley and my parents have transferred the ten percent deposit to my lawyer. I am now told that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your property lawyer is legally required to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We note that you have a search directory listing solicitors on the Lloyds conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Camberley?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Camberley.
I am buying a flat and need a conveyancing solicitor in Camberley who is on the Leeds Building Society conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Camberley. We dont recommend any particular firm.
I acquired my house on 3 March and my personal details are still not registered. Should I be concerned? My conveyancing solicitor in Camberley said it would be recorded in a couple of weeks. Are properties in Camberley uniquely lengthy to register?
As far as conveyancing in Camberley is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust according to who lodges the application, whether it is in order and if the Land registry must send notices to any other parties. Currently in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be longer delays. Registration takes place after the buyer is living at the property thus 'speed' is not usually top priority yet where it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
Is it best to use a Camberley conveyancing solicitor who is local to the property I am purchasing? An old friend can handle the legal work however his firm is located over three hundred miles drive away.
The primary upside of using a local Camberley conveyancing firm is that you can drop in to execute documents, hand in your ID and pester them if necessary. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were happy that must surpass using an unfamiliar Camberley conveyancing solicitor solely due to them being Camberley based.
I've recently bought a leasehold house in Camberley. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee 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).
Camberley Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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Is there a share of the freehold? Does the lease include onerous restrictions?