My wife and I are nearing an exchange on a house in Knutsford and my mum and dad have transferred the ten percent deposit to my conveyancer. I am now informed that as the deposit has not come from me my property lawyer needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your solicitor is duty bound to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are purchasing a flat and require a conveyancing solicitor in Knutsford who is on the Virgin Money approved panel. Could you point me in the right direction as regards a 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 Knutsford.
I need some expedited conveyancing in Knutsford as I have pressure to complete within 4 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you are at liberty not to do searches although no solicitor would suggest that you don't. Drawing on years of experience of conveyancing in Knutsford the following are examples of what can show up and therefore affect future mortgageability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I decided to have a survey carried out on a house in Knutsford before instructing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders may not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Knutsford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Knutsford to see if the conveyancing will be more expensive.
Having checked my lease I have discovered that there are only Sixty One years remaining on my flat in Knutsford. I now wish to get lease extension but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to prove that you have done all that could be expected to track down the landlord. For most situations an enquiry agent would be useful to try and locate and to produce a report to be used as proof that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s absence and the application to the County Court overseeing Knutsford.
I am the registered owner of a 1 bedroom flat in Knutsford, conveyancing was carried out 9 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Knutsford with a long lease are worth £180,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2085
You have 59 years remaining on your lease we estimate the price of your lease extension to range between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
I was advised by my bank that their approved conveyancers operate no sale no fee basis for conveyancing in Knutsford. My purchase aborted yet the solicitors have invoiced for search fees! They are stating that the fees are independent!
By promising "no completion no fee" Knutsford conveyancing lawyers are waiving their charges for any work conducted. We must stress this is not to be regarded as an insurance scheme. Disbursements aren’t covered – where the lawyer have to pay money out to other people, for instance Knutsford local search fees