My wife and I are nearing an exchange on a property in Great Barford and my mum and dad have sent the exchange deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my conveyancer needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your conveyancer is legally required to check with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Great Barford last November but the buyer keeps texting daily to moan that her lawyer is waiting to hear from mysolicitor. What should my lawyer have done following completion?
Post completion of your sale your conveyancer is obliged to send the transfer deeds and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer should also confirm that the home loan has been redeemed to the buyers lawyers. There are no post completion procedures specific conveyancing in Great Barford.
Have just purchased a repossessed house at auction in Great Barford. Conveyancing is required. What are my next steps?
Given that you are now exchanged you should hire the services of a conveyancing practitioner quickly as you will have a fast approaching deadline in which to complete the transaction. Every auction property should have a corresponding legal pack. This will likely include evidence of title and search results. Where you are dealing with leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You should give this to your appointed conveyancing solicitor ASAP. Do make sure that your finances are organised to complete the transaction on the set completion date.
I have decided to exercise my right to buy my property in Great Barford off the council. I have a mortgage agreed with Coventry BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
About to purchase house in Great Barford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Great Barford solicitor is on the Virgin Money conveyancing panel.
Are there any apps to assist me to identify a Great Barford law firm on the Aldermore conveyancing panel? I have wheels and am willing to travel upto 10kilometers to meet the solicitor.
Feel free to make use of the search on this page. Please pick a bank and your location and you will see a number of Great Barford conveyancing lawyers locally. We have detailed some Great Barford conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Aldermore panel
I've recently bought a leasehold flat in Great Barford. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Great Barford - Examples of Queries before Purchasing
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Are any of leasehold owners in dispute over their service charge liability? Best to be warned whether changing the roof or some other major work is due in the near future that will be shared between the leasehold owners and will materially increase the the service charges or result in a one off payment. This question is important as a) areas can cause problems for the block as the common areas may begin to deteriorate if services are not paid for b) if the leaseholders have an issue with the managing agents you will wish to have all the details
I am not able to travel my Great Barford conveyancing lawyers office to sign documents connected to my conveyancing in Great Barford – will this be problematic?
Not a problem. Great Barford conveyancing solicitors can handle home moves for clients from a distance. You are unlikely to be required to attend a Great Barford conveyancers office. They can deal with everything through post, email, telephone and fax.