My partner and I are nearing an exchange on a flat in Disley and my parents have sent the exchange deposit to my lawyer. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my mortgage company. Apparently, 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 mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The conveyancer is obliged to check 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 notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
A relative informed me that in purchasing a property in Disley there could be various restrictions preventing external changes to a property. Is this right?
There are anumerous of properties in Disley which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Disley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We had appointed solicitors based in Disley on the RBS solicitor approved list. They have just billed me an additional amount for handling the RBS mortgage. Is this a supplemental conveyancing fee set by RBS?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your property lawyer is entitled to charge a fee for this. This fee is not dictated by RBS but by your Disley solicitor. Numerous firms on the RBS panel will quote an ‘acting for lender’ fee and others do not.
We have a mortgage agreed in principle with Nottingham. Disley conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from Nottingham?
Some lenders take longer than others. Have Nottingham completed the valuation? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The estate agent has sent us the confirmation of our purchase of a new build flat in Disley. 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 conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Disley
-
Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the guidance of my in-laws I had a survey completed on a house in Disley prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend refuse to give a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Disley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Disley to see if the conveyancing will be more expensive.
What does commercial conveyancing in Disley cover?
Non domestic conveyancing in Disley covers a wide range of services, provided by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am looking for a conveyancing practitioner in Disley for my house move. Is there any facility to see a firm’s record with the legal regulator?
One may read documented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.