I am nearing an exchange on a house in Pyle and my parents have transferred the 10% deposit to my conveyancer. I am now advised that as the deposit has been received from someone other than me my lawyer needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
Your solicitor is obliged to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Having sold my house in Pyle last November but my buyer keeps calling me complaining that her lawyer is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
After completion of your house sale your lawyer should send the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your solicitor should also evidence that the home loan has been redeemed to the purchasers solicitors. There is unlikely to be post completion steps just for conveyancing in Pyle.
What is the optimum way to check that the solicitor conducting my conveyancing in Pyle is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Birmingham Midshires thus paying £175.00 in additional legal charges.
Feel free to make use of the search tool on this web page. Please choose the lender and type ‘Pyle’ or your location and you will be presented with a number of lawyer located in Pyle or by proximity to you.
The deeds to our property are lost. The conveyancers who handled the conveyancing in Pyle 10 years ago have long since closed. What are my options?
These day there are copies made of almost everything, and your lawyer will be aware precisely where to find all the suitable documentation so you can buy or sell your property without a hitch. If duplicates can’t be found, your solicitor can arrange cover in the form of insurance or indemnities against future claims on the premises.
I opted to have a survey carried out on a house in Pyle ahead of instructing solicitors. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks may refuse to issue a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Pyle. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Pyle to see if the conveyancing will be more expensive.
I am an executor of my recently deceased aunt’s Will, with a property in Pyle which is to be marketed. The house has never been registered at the Land Registry and I'm told that many estate agents will insist that it is completed before they'll move forward. What's the mechanism for this?
In the situation you refer to it seems sensible to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.