My husband and I are approaching an exchange on a property in Long Hanborough and my mum and dad have sent the ten percent deposit to my property lawyer. I am now advised that as the deposit has not arrived from me my conveyancer needs to make a notification to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Long Hanborough last May yet the purchaser is telephoning every few hours to say her lawyer is waiting to hear from mine. What should have happened following completion?
After completion of your disposal your solicitor is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. If applicable, your lawyer should also confirm that the mortgage has been repaid to the buyers conveyancers. There are no post completion tasks unique to conveyancing in Long Hanborough.
I moved into my flat on 6 May and the transaction details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Long Hanborough advises it will be recorded in less than a month. Are transfers in Long Hanborough uniquely lengthy to register?
As far as conveyancing in Long Hanborough registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. At present in the region of 80% of submission are fully dealt with within 12 days but some can be subject to longer hold-ups. Historically registration occurs once the new owner has moved in to the premises thus 'speed' is not typically top priority but where there is a degree of urgency associated with the registration then you or your conveyancer can speak with the land registry and explain the circumstances.
How does conveyancing in Long Hanborough differ for new build properties?
Most buyers of new build residence in Long Hanborough come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because builders in Long Hanborough usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Long Hanborough or who has acted in the same development.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Long Hanborough. I've chance upon a web site which appears to be the ideal offering If there is a chance to get all this stuff completed via email that would be preferable. Do I need to be concerned? 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?
Two months into a sale of a flat in Long Hanborough. Conveyancing is fine but we have been asked to pay an extortionate amount by the landlord. So far we have paid £275 for a leasehold management information and then a further £117.20 for answers to questions supplied by the purchaser's conveyancer.
You will not have control over the extent of the bill for this information however the typical costs for the information for Long Hanborough leasehold property is £355. For Long Hanborough conveyancing sales it is customary for the vendor to cover the charges. The freeholder or their agents are under no statutory obligation to address these questions most will be content to do so - albeit often at exorbitant prices disproportionate to the work involved. Unfortunately there is no statute that requires fixed charges for administrative tasks. Nor is there any statutory time limit by which they are obliged to supply answers.