My partner and I are getting closer to an exchange on a flat in Newton Abbot and my mum and dad have transferred the exchange deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your conveyancing practitioner is duty bound to check with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am helping my niece sell her flat in Newton Abbot. Will the conveyancing solicitor order the energy assessment or do I organise this?
Following the demise of Home Packs, EPC’s was maintained a required part of moving house. An energy performance certificate should be commissioned before the property is advertised. It is not a task that conveyancers ordinarily organise. If you are instructing a Newton Abbot conveyancing lawyer they may be willing to arrange EPC’s given their relationships with reputable local energy assessors
Have just purchased a repossessed house at auction in Newton Abbot. Conveyancing is required. What happens now?
Given that you are now legally committed yourself to purchase you will need to choose a conveyancing practitioner quickly as you are faced with a fast approaching a drop dead date to complete the deal. An auction property should have a corresponding legal pack. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
I have a mortgage with TSB for my property in Newton Abbot. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?
You must advise TSB before renting your property as this is likely to be a breach of TSB’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel lawyer.
I completed on my house on 8 January and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Newton Abbot expressed confidence that it will be registered in less than a month. Are transfers in Newton Abbot uniquely lengthy to register?
As far as conveyancing in Newton Abbot registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether it is in order and if the Land registry must send notices to any other parties. As of today approximately 80% of such applications are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Registration is effected after the buyer is living at the premises so post completion formalities is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
I have been on the look out for a ground for flat up to £195,000 and found one near me in Newton Abbot I like with open areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Newton Abbot for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I need to retain a conveyancing solicitor for my conveyancing in Newton Abbot. I happened to chance upon a site which seems to have the perfect answer If there is a chance to get all this stuff done 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?
How much experience do your Newton Abbot conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Newton Abbot conveyancing lawyers help thousands of people move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Newton Abbot conveyancers have worked on recent similar matters.