My husband and I are nearing an exchange on a house in Christchurch and my parents have transferred the ten percent deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my lender. 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 informed the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancer is duty bound to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
My relative advised me that if I am buying in Christchurch I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Christchurch conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Christchurch around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Christchurch Education with plans and statistics, Local Amenities and other useful data regarding Christchurch.
Have completed on a a terraced house in Christchurch , how long should it take for the Land Registry to register my proprietorship? My Christchurch conveyancing solicitor has been painfully slow, so I want to check the land registry aspects are dealt with.
There is nothing unique about conveyancing in Christchurch registration formalities. Rather than based on location, timescales can vary according to who lodges the application, whether it is in order and if the Land registry must send notices to any other parties. As of today roughly three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Registration is effected after the buyer has moved in to the premises therefore post completion formalities is not always an essential issue but if it is urgent that the the registration takes place urgently then you or your solicitor must contact the land registry and explain the circumstances.
How does conveyancing in Christchurch differ for newly converted properties?
Most buyers of new build premises in Christchurch approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Christchurch tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Christchurch or who has acted in the same development.
In surfing the internet for the words cheap conveyancing in Christchurch it shows results of many solicitorsin the area. With so much choice what is the best way to find the right property lawyer for me?
The best way of seeking a suitable conveyancer is via trusted testimonial, so ask friends and relatives who have acquired a property in Christchurch or the reputable estate agent or mortgage broker. Costs for conveyancing in Christchurch differ, so it's advisable to secure at least four estimates from different solicitors. Be sure to seek confirmation that the costs are assured not to escalate.
After what seems like an age a mortgage offer from a bank for the refinancing of my 3 bedroom garden flat is due by the end of next week. Are you able to suggest a cheap remortgage conveyancing practitioner in Christchurch ?
You have come to the wrong place to search for a cheap conveyancing solicitors in Christchurch. Our intention is to offer value for money conveyancing but we do not work with the cheapest lawyers. Do not be fooled by companies offering low cost conveyancing in Christchurch.In your best case scenario, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up being stung for additional fee and still not get the service you were hoping for.