I am approaching an exchange on a property in Mansfield Woodhouse and my mum and dad have sent the ten percent deposit to my lawyer. I am now informed that as the deposit has not arrived from me my lawyer needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
Your lawyer is duty bound to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Various online forums that I have come across warn that are the number one reason for hinderance in Mansfield Woodhouse house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Mansfield Woodhouse.
What makes your site different to alternative internet conveyancing brokers when it comes to conveyancing in Mansfield Woodhouse?
At this site get a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Mansfield Woodhouse. Unlike many estate agents and many comparison sites we do not have referral deals with solicitors. A large number of agents and online brokers 'recommend' the firm paying the highest per referral, rather than the best value conveyancing in Mansfield Woodhouse
I am thinking of appointing a conveyancing lawyer in Mansfield Woodhouse for my home move. Is it possible to see a firm’s complaints history with the legal regulator?
Anyone can see published Solicitor Regulator Association (SRA) determinations arising from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA may recorded call for training purposes.
Last April I purchased a leasehold flat in Mansfield Woodhouse. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a leasehold flat in Mansfield Woodhouse, conveyancing formalities finalised in 2003. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Mansfield Woodhouse with an extended lease are worth £201,000. The ground rent is £45 charged once a year. The lease ends on 21st October 2090
With just 65 years remaining on your lease we estimate the premium for your lease extension to range between £13,300 and £15,400 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues 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.
The property lawyers handling our conveyancing in Mansfield Woodhouse has sent papers to review that state the land is unregistered with epitome documents. Is it not the case that all property in Mansfield Woodhouse are registered?
Although the vast majorities of properties in Mansfield Woodhouse are now registered with HM Land Registry there are still some that remain unregistered. Any property in Mansfield Woodhouse that has been transferred since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Mansfield Woodhouse property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Mansfield Woodhouse conveyancing solicitors should be capable of dealing with such matters but where uncertainty exists the usual guidance nowadays is for the vendor’s solicitor to register the title first and subsequently deal with the sale conveyance - this will have a knock on effect to result in a significant delay.