My husband and I are getting closer to an exchange on a flat in Edingale and my parents have transferred the ten percent deposit to my solicitor. I am now told that as the deposit has not come from me my lawyer needs to make a notification to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The conveyancing practitioner is duty bound to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
What is the best way to check that the solicitor handling my conveyancing in Edingale is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Santander thus paying £175.00 in additional legal charges.
Feel free to take advantage of the search tool on this site. Please choose the lender and type ‘Edingale’ or your preferred area and you will discover numerous solicitors offices in Edingale or by proximity to you.
My wife and I purchased a semi-detached Victorian house in Edingale. Conveyancing lawyer acted for me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Edingale and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing practitioner who conducted the conveyancing.
Over the last few months I have been searching for a flat up to £305k and identified one round the corner in Edingale I like with open areas and railway links nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Edingale suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Due to sign contracts shortly on a basement flat in Edingale. Conveyancing lawyers have said that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Edingale should include some of the following:
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Your lawyers should enable you to have an understanding of the building insurance provisions You would want to receive a copy of the lease Details of the parties to the lease, for instance these could be the (you), head lessor, freeholder Whether the lease restricts you from renting out the flat, or having a home office for business You should be informed what constitutes a Nuisance as far as the lease is concerned
Edingale Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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Best to be warned whether changing the roof or some other significant cost is anticipated to be shared by the leasehold owners and could well materially impact the level of the service costs or necessitate a specific payment. The answer will be helpful as a) areas may result in problems in the block as the common areas may start to deteriorate if services remain unpaid b) if the tenants have a dispute with the running of the building you will wish to have all the details How many of the leaseholders are in arrears for their maintenance charge payments?
We are in the process of buying a home in Edingale. Conveyancing is not yet done but we would like have the amount we are are purchasing for a secret from sites such as Nestoria. How can this be done?
The Land Registry by statute are bound to disclose price paid data on the official title for domestic properties countrywide including homes in Edingale. The register of title is a public document, so HMLR would be breaking the law excluded certain homes such as the one in Edingale.
In essence you can make a request of HM Land Registry to hide the amount paid entry however the response will be in the negative.