I am only a couple days away from an exchange on a flat in Rhosesmor and my mum and dad have transferred the 10% deposit to my solicitor. I am now informed that as the deposit has not come from me my lawyer 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 concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your property lawyer is duty bound to check with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are planning to acquire a house and need a conveyancing solicitor in Rhosesmor who is on the Kent Reliance approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Rhosesmor.
I am close to exchanging contracts on the sale of our property in Rhosesmor and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Rhosesmor conveyancer would know this is not the case. It does beg the question why the purchasers are using a nationwide conveyancing practice rather than a conveyancing solicitor in Rhosesmor. Having lived in Rhosesmor for many years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I used Arc property Solicitors a few years ago for my conveyancing in Rhosesmor. I now require my papers however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rhosesmor of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Rhosesmor with the aid of help to buy. The developers refused to reduce the price so I negotiated 6k of extras instead. The property agent told me not to tell my lawyer about this side-deal as it may adversely affect my loan with Bank of Scotland. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Looking forward to complete next month on a leasehold property in Rhosesmor. Conveyancing lawyers assured me that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Rhosesmor should include some of the following:
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The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? You need to be advised what is to be regarded as a Nuisance as far as the lease is concerned Repair and maintenance of the flat Who has the liability to repair and maintain the main walls and foundations. It is important for you to know which party is duty bound to repair and maintenance of all parts of the block and communal areas
I invested in buying a studio flat in Rhosesmor, conveyancing was carried out in 1997. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Rhosesmor with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £50 per annum. The lease finishes on 21st October 2104
With only 78 years remaining on your lease the likely cost is going to span between £7,600 and £8,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.