My partner and I are approaching an exchange on a flat in Lancashire and my mum and dad have transferred the 10% deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your property lawyer is legally required to check with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My colleague suggested that where I am purchasing in Lancashire I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Lancashire conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Lancashire around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Lancashire Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Lancashire.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Lancashire I like with open areas and station in the vicinity, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Lancashire in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I am selling my property. My former conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Lancashire if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Lancashire. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am one month into a leasehold purchase having been directed to a firm by the high street agent to carry out the conveyancing in Lancashire. I am am extremely dissatisfied with the quality of service. Could you you assist me in finding new lawyers?
A lawyer would need to be really poor to suggest changing them. Has the mortgage been generated? In the event that it has you will need to make them aware of the new contact details and ensure the offer are re-sent. The conveyancer should be on the mortgage company approved list to avoid supplemental costs and delays. That should be your starting point. The find a solicitor tool will assist you in finding a bank approved lawyer for your home move in Lancashire
What tools are available to search for a Lancashire conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 25miles to attend the solicitor.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Lancashire and you will see a number of lawyer located nearest Lancashire. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.