My husband and I are approaching an exchange on a house in Long Eaton and my parents have sent the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
Your conveyancer is duty bound to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Having sold my house in Long Eaton last April but my buyer keeps calling daily to say their lawyer needs to hear from mylawyer. What should have happened following completion?
Post completion of your sale your lawyer should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. If applicable, your solicitor must also send confirmation that the home loan has been discharged to the buyers solicitors. There is unlikely to be post completion formalities unique to conveyancing in Long Eaton.
I bought my flat on 10 October and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Long Eaton said it will be registered in less than a month. Are titles in Long Eaton particularly slow to register?
As far as conveyancing in Long Eaton registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can adjust depending on the party submitting the application, whether it is in order and if the Land registry communicate with any third persons or bodies. At present in the region of three quarters of such applications are fully addressed within 12 days but occasionally there can be longer hold-ups. Historically registration is effected once the new owner is living at the property thus 'speed' is not typically primary concern yet where there is a degree of urgency associated with the registration then you or your conveyancer must speak with the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Long Eaton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Long Eaton
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
As co-executor for the will of my uncle I am selling a property in Neath but reside in Long Eaton. My solicitor (approximately 235 miles from meneeds me to sign a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Long Eaton who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are located in Long Eaton
How up-to-date is your database of lawyers on the bank conveyancing panel in Long Eaton? Do the mortgage companies send you an updated list?
Long Eaton firms and firms carrying out conveyancing in Long Eaton themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.