We are getting closer to an exchange on a property in Paulton and my parents have sent the ten percent deposit to my property lawyer. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my bank. I am advised that, 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 advised the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is legally required to clarify 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 agree, failing which, your lawyer must cease to continue acting.
At what point can the exchange of contracts take place for purchase conveyancing in Paulton and do I need to attend the conveyancers branch?
If you are near to one of the conveyancing solicitors in Paulton you are invited in to sign the paperwork. That being said, the firms we work with supply a nationwide conveyancing service and provide just as detailed and professional a job for you when dealing with you electronically. The signing of the contract is not the important part. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Paulton)to be in the office available at the end of the phone to exchange contracts.
I am helping my mother sell her house in Paulton. Does the conveyancing solicitor commission the EPC or do I organise this?
After the demise of HIPs, energy assessments was maintained a compulsory component of moving property. An energy performance certificate should be to hand prior to the property being advertised. It is not something that law firms ordinarily organise. If you are instructing a Paulton conveyancing lawyer they might be able to arrange energy assessments given their contacts with reputable local accredited person
I am selling my house. I had a double glazing fitted in December 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Santander are being pedantic. The Paulton solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander 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.
My sealed bid on a detached house in Paulton has been agreed to, the owners do however have a tied purchase. The vendors have put an offer on somewhere, but it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Paulton. What do I do now? At what stage do I apply for the mortgage with Lloyds?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of £1k, then valuation, Paulton conveyancing search costs, etc). The first thing to do is ensure that your conveyancer is on the Lloyds conveyancing panel. As to the subsequent stages this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. During a rising market some home buyers will apply for a home loan with Lloyds and pay for the valuation and only if it was satisfactory would they request their conveyancer to proceed with searches.
five months have gone by since my purchase conveyancing in Paulton concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a house in Paulton in advance of instructing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks tend refuse to grant a mortgage on such a property.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Paulton. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Paulton cover?
Non domestic conveyancing in Paulton covers a wide array of advice, given by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.