My wife and I are only a couple days away from an exchange on a property in Great Barford and my parents have sent the 10% deposit to my lawyer. I am now told that as the deposit has not arrived from me my conveyancing practitioner needs to disclose this to my lender. Apparently, 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 disclosed to the bank about my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your property lawyer is obliged to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company 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 every few hours complaining that her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your disposal your solicitor should send the transfer deeds and all of the paperwork to the purchaser's lawyers. Where appropriate, your conveyancer should also evidence that the legal charge in favour of the lender has been repaid to the buyers conveyancers. There are no post completion tasks just for conveyancing in Great Barford.
My bid for a property was accepted at auction in Great Barford. Conveyancing is necessary. What is next?
Now that you are legally committed yourself to purchase you now have to appoint a conveyancing practitioner as a matter of priority as you now have a tight a fixed date to complete the property. All auction property should have a bespoke auction set of papers. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You must pass this on to the solicitor working for you ASAP. Do make sure that your finances are in place 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 Kent Reliance. 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 have 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 Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
About to purchase apartment 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 Clydesdale 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 conveyancing practitioner is on the Clydesdale conveyancing panel.
How do I identify a Great Barford solicitor on the Birmingham Midshires conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the facility on this website. Please pick a mortgage company and your location and you will see a number of Great Barford conveyancing lawyers based on proximity. We have listed some Great Barford conveyancing firms at the bottom of this page and you can ring them to see if they are on the Birmingham Midshires panel
Last October I purchased a leasehold property in Great Barford. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee 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. A critical element 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).
Great Barford Conveyancing for Leasehold Flats - A selection of Queries before buying
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It is important to be aware whether window replacement or some other significant cost is due in the near future to be shared amongst the leaseholders and may well materially increase the the maintenance fees or require a specific payment. You should be aware that where the lease has no more than eighty years it will have adverse implications on the marketability of the apartment. Check with your lender that they are content with residual term of the lease. Leases with fewer than 80 years remaining means that you will probably require a lease extension sooner rather than later and it is worth finding out what this would cost. For most Great Barfordlease extensions you would be be obliged to have owned the premises for 24 months before you are entitled to carry out a lease extension. Be sure to investigate if the the lease includes any unreasonable restrictions in the lease. For example some leases prohibit pets being allowed in in a block in Great Barford. If you like the propertyin Great Barford yet your dog can’t make the move with you then you have a very hard determination.
Living abroad it is not practicable to visit my Great Barford conveyancing practitioners office to execute documents for conveyancing in Great Barford – will this be problematic?
No. Great Barford conveyancing lawyers can handle conveyancing transactions for clients across the country. You are unlikely to be required to be present a Great Barford conveyancers office. Almost all lawyer can undertake everything remotely from their Great Barford premises.