I am nearing an exchange on a property in Flackwell Heath and my mum and dad have transferred the exchange deposit to my conveyancer. I am now advised that as the deposit has been received from someone other than me my solicitor needs to disclose this to my mortgage company. I am advised that, 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 him to raise this?
Your lawyer is obliged to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Why do I have to pay up front when it comes to conveyancing in Flackwell Heath?
Where you are retaining lawyers for conveyancing in Flackwell Heath your solicitor will ask you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any deposit is payable against the total price then this should be needed immediately in advance of contracts are exchanged. The final balance that is needed should be transferred shortly before completion.
We are purchasing a flat in Flackwell Heath. It might be a silly question but how we can trust a lawyer? At some point we have to send our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
There are numerous conveyancing solicitors in Flackwell Heath but how do I know who I should use?
It would be unwise to be swayed by the cheapest Flackwell Heath conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My wife and I purchasing a detached bungalow in Flackwell Heath. Our aim is to carry out a loft conversion at the house.Will the conveyancing process include checks to ascertain if these works were previously refused?
Your solicitor should review the deeds as conveyancing in Flackwell Heath can sometimes identify restrictions in the title documents which restrict categories of works or necessitated the permission of another owner. Some additions need local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
The estate agent has sent us the confirmation of our purchase of a new build flat in Flackwell Heath. 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.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Flackwell Heath
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, chain free conveyancing. Flackwell Heath is the location of the property. Is there any advice you can impart?
Flying freeholds in Flackwell Heath are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Flackwell Heath you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Flackwell Heath may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am selling my property. My past solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Flackwell Heath if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Flackwell Heath. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.