My husband and I are nearing an exchange on a house in Meir and my mum and dad have sent the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my property lawyer needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancer is legally required to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am the single recipient of my late mum's estate and I have everything in my name alone, including the my former home in Meir. The Meir property was put into my name in February. I want to move. I do know about the CML 6 month 'rule', meaning my proprietorship could be treated the same way as though I had purchased the property in February. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. many banks would take a practical view as this requirement principally exists to identify the purchase and immediately sell or the wholesaling and assigning of properties.
Is it correct that all Meir CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing list of approved solicitors?
A selection of lenders now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
Can I be sure that the Meir conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Meir seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor handling your conveyancing.
Should our solicitor be making enquiries concerning flooding during the conveyancing in Meir.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Meir. Plenty of people will acquire a property in Meir, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a various checks that can be carried out by the purchaser or by their solicitors which should figure out the risks in Meir. The standard information given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to find out whether the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the vendor, then a buyer may commence a compensation claim as a result of such an incorrect reply. The purchaser’s lawyers will also commission an enviro search. This will reveal whether there is a recorded flood risk. If so, more detailed investigations should be carried out.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Meir is the location of the property. Can you shed any light on this issue?
Flying freeholds in Meir are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Meir you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Meir may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Meir cover?
Meir conveyancing for business premises incorporates a wide array of services, provided by qualified solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I need to find a conveyancing solicitor for purchase conveyancing in Meir. I happened to chance upon a site which appears to be the perfect offering If it is possible to get all formalities done via phone that would be preferable. Should I be wary? 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?