My partner and I are approaching an exchange on a house in Marlborough and my mum and dad have sent the ten percent deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancer needs to disclose this to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
Your lawyer is duty bound to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Can I use your services to locate a Conveyancing solicitor in Marlborough even if I’m not buying or selling a house, for example where I intend to buy a shop in Marlborough with a loan from Godiva Mortgages Ltd?
Our comparison service is primarily utilised to help choose domestic conveyancing solicitors in Marlborough but we have listed at the end of this page some Marlborough commercial conveyancing firms. You should make contact with the firm directly to check if they can also act for Godiva Mortgages Ltd
Various web forums that I have frequented warn that are the primary cause of obstruction in Marlborough house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Marlborough.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Marlborough I like with a park and station in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Marlborough for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
In my capacity as executor for the estate of my aunt I am selling a residence in Neath but I am based in Marlborough. My conveyancer (based 300 kilometers awayhas requested that I execute a stat dec prior to completion. Could you suggest a conveyancing lawyer in Marlborough who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Marlborough
I've found a house that seems to be perfect, at a reasonable price which is making it all the more appealing. I have subsequently been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Marlborough. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
The majority of houses in Marlborough are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Marlborough in which case you should be looking for a Marlborough conveyancing practitioner and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should report to you on the legal implications.
Leasehold Conveyancing in Marlborough - Sample of Queries Prior to buying
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Be sure to find out if the the lease contains any adverse restrictions in the lease. By way of example some leases prohibit pets being permitted in certain buildings in Marlborough. If you love the propertyin Marlborough but your cat is not allowed to move with you then you will be faced difficult decision. For most Marlborough leaseholds the cost for major works are not incorporated into the maintenance charges, although there some managing agents in Marlborough require tenants to pay into a reserve fund created for the specific intention of building a fund for major repairs or maintenance.