We are getting closer to an exchange on a property in Milton Keynes and my mum and dad have sent the exchange deposit to my property lawyer. I am now advised that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is obliged to check with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
It is 10 years ago since I acquired my home in Milton Keynes. Conveyancing solicitors have now been instructed on the sale but I am unable to track down the title deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a chance that the deeds will be kept by the mortgage company or they may be in the possession of the conveyancers who oversaw the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. The vast majority of conveyancing in Milton Keynes relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
I am helping my sister sell her property in Milton Keynes. Does the conveyancer commission the energy performance certificate or should I organise this?
After the abolition of Home Packs, energy assessments was kept a required element of moving property. An energy performance certificate needs to be to hand in advance of the property being advertised. It is not something that lawyers normally organise. If you are using a Milton Keynes conveyancing lawyer they might help arrange EPC’s given their relationships with reputable Milton Keynes energy assessors
We expect to receive a OIP from RBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Milton Keynes solicitors on the RBS conveyancing panel, or is it better to go independently?
You will need to appoint Milton Keynes solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I am selling my house. I had a double glazing fitted in January 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, TSB are being difficult. The Milton Keynes solicitor who is on the TSB conveyancing panel is saying indemnity insurance will be fine but TSB are requiring a building regulation certificate. Why do TSB have a conveyancing panel if they don't accept advice from them?
It is probably the case that TSB have referred the matter to their valuer. The reason why TSB may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I require fast conveyancing in Milton Keynes as I am under an ultimatum to sign on the dotted line within 3 weeks. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at liberty not to have searches carried out although no solicitor would recommend that you don't. With plenty of history conveyancing in Milton Keynes the following are instances of what can crop up and adversely impact the marketability of the property: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
My wife and I own a semi-detached Edwardian property in Milton Keynes. Conveyancing practitioner represented me and National Westminster Bank. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Milton Keynes and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing practitioner who conducted the conveyancing.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Milton Keynes. I've chance upon a site which seems to have the ideal offering If there is a chance to get all this stuff completed via email that would be ideal. 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?