I am only a couple days away from an exchange on a property in Hindhead and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my solicitor needs to make a notification to my bank. Apparently, 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 bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
Your solicitor is duty bound to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We are looking to buy a house and require a conveyancing solicitor in Hindhead who is on the Virgin Money solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Hindhead.
My apartment in Hindhead is up for sale and I have accepted an offer. Will the solicitor have to be required to be on the Principality conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
Have just purchased a probate house at auction in Hindhead. Conveyancing is required. What happens now?
Now that you are legally committed yourself to purchase you should instruct a conveyancing solicitor as a matter of priority as you are facing a pending deadline in which to complete the property. Every auction property should have an associated auction pack. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You need to give this to the conveyancer working for you as soon as possible. You also need to ensure that that you have the requisite funding in place to complete the transaction on the set completion date.
I have been advised by my lawyer that restrictive coveneant insurance is required on my purchase. What is the level of cover for Hindhead conveyancing?
The right level of restrictive coveneant indemnity insurance depends on who your lender is. It would differ for example between Santander and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
I am currently in the process of buying my council flat in Hindhead. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. 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 Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
I am purchasing a house and the lawyer has identified Chancel Repair for which the house could be liable because it falls into the area of such a church. She has suggested insurance. Is this strictly appropriate for conveyancing in Hindhead
Unless a prior acquisition of the house took place after 12 October 2013 you may expect solicitors carrying out conveyancing in Hindhead to continue to suggest a chancel search and or chancel repair liability policy.
I’m about to sell my ground floor apartment in Hindhead. Conveyancing has not commenced, however I have recently had a quarterly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as usual given that all rents and service charges will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I bought a garden flat in Hindhead, conveyancing was carried out June 1995. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Hindhead with over 90 years remaining are worth £211,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ceases on 21st October 2094
You have 68 years unexpired we estimate the price of your lease extension to span between £9,500 and £11,000 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.