My husband and I are nearing an exchange on a property in Cross Hands and my mum and dad have transferred the ten percent deposit to my solicitor. I am now told that as the deposit has not arrived from me my property lawyer needs to make a notification to my lender. I am advised that, 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 informed the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your solicitor is duty bound to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We are buying a property and require a conveyancing solicitor in Cross Hands who is on the Skipton solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Cross Hands.
Our bank has recommended a law firm on their panel based in Cross Hands but I would rather use a conveyancing lawyer in Cross Hands or nearer to where I live. Are you able to assist?
The minority of Cross Hands conveyancing practices are approved and listed on all banks conveyancing panel. Use the above search tool to locate a Cross Hands conveyancing solicitor on the on the lender panel.
My partner has urged me to instruct his conveyancing solicitors in Cross Hands. Should I use them?
There are no two ways about it it’s preferable to choose a conveyancing solicitor is to have referrals from friends or family who have experience in using the conveyancer that you are are thinking of instructing.
Planning to exchange soon on a leasehold property in Cross Hands. Conveyancing solicitors have said that they report fully next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Cross Hands should include some of the following:
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Where does the liability rest for repairing the window frames specifics of the parties to the lease, for example these could be the leaseholder, head lessor, freeholder The total extent of the demise. This could be the flat itself but could also incorporate a roof area or basement if applicable. The length of the lease term. You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark
I am the registered owner of a garden flat in Cross Hands, conveyancing formalities finalised 6 years ago. How much will my lease extension cost? Corresponding flats in Cross Hands with a long lease are worth £222,000. The ground rent is £50 levied per year. The lease ends on 21st October 2095
With 70 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
At what stage do I incur the Stamp Duty Land Tax payable for my Cross Hands flat purchase?
Most lawyers will complete a stamp duty return for you as part of your Cross Hands purchase transaction for you to sign. On completion your lawyer will submit your Land Transaction application to the Tax Authorities and - as long as they have the funds - discharge any tax bill liability for you.