My partner and I are nearing an exchange on a flat in Fetcham and my mum and dad have sent the exchange deposit to my solicitor. I am now advised that as the deposit has not come from me my solicitor needs to disclose this to my bank. 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 informed the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your solicitor is legally required to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
At what point can the exchange of contracts happen for purchase conveyancing in Fetcham and am I required to attend the conveyancers branch?
If you are in close proximity to one of the conveyancing solicitors in Fetcham you are invited in to sign documents. However, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the sale agreement is not the critical part. A signed contract simply enables the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Fetcham)to be in the office available at the end of the phone to exchange contracts.
We are intent on selling our home in Fetcham and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers used an online conveyancing practice rather than a conveyancing solicitor in Fetcham. Having lived in Fetcham for six years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I moved into my flat on 12 September and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Fetcham said it will be registered in less than a month. Are titles in Fetcham particularly slow to register?
As far as conveyancing in Fetcham registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ subject to who lodges the application, whether there are errors and if the Land registry communicate with any 3rd parties. At present roughly 80% of such applications are completed within 12 days but some can be subject to extensive delays. Historically registration is effected after the buyer is living at the property so an expedited registration is not typically 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.
I have been on the look out for a leasehold apartment up to £305k and found one close by in Fetcham I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Fetcham for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
How do I identify a Fetcham law firm on the Skipton Building Society conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the solicitor.
Feel free to make use of the search on this page. Please choose the lender and your location and you will see a number of Fetcham conveyancing lawyers based on proximity. We have detailed some Fetcham conveyancing firms towards the end of this page and you can call them to see if they are on the Skipton Building Society member panel