My husband and I are approaching an exchange on a house in Hammersmith and my mum and dad have transferred the 10% deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The lawyer is duty bound to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Will conveyancers ask for money up-front for my conveyancing in Hammersmith?
If you are buying a property in Hammersmith your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is as part of the total price then this will be required shortly ahead of exchange of contracts. The closing balance that is needed should be sent to your lawyer a couple of days prior to the completion date.
The deeds to our house are lost. The solicitors who did the conveyancing in Hammersmith 10 years ago have long since closed. What are my next steps?
You no longer need to have the physical original deeds to establish that you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
Due to the encouragement of my in-laws I had a survey completed on a house in Hammersmith in advance of retaining solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some banks may not give a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you e-mail us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hammersmith. Conveyancing may be slightly more expensive based on your lender's requirements.
In what way does the Landlord & Tenant Act 1954 impact my business property in Hammersmith and how can you help?
The particular law that you refer to affords a safeguard to commercial leaseholders, granting the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Hammersmith is one of the numerous areas of the UK in which our lawyers are based
I need to retain a conveyancing solicitor for some conveyancing in Hammersmith. I happened to stumble across a site which looks to be the perfect answer If it is possible to get all formalities done via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?