I am approaching an exchange on a property in Robin Hoods Bay and my parents have transferred the 10% deposit to my conveyancer. I am now advised that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my mortgage company. Apparently, 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 informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The solicitor is duty bound to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
At what point does exchange of contracts occur in residential conveyancing in Robin Hoods Bay and am I required to attend the conveyancers branch?
Where you are in close proximity to our conveyancing solicitors in Robin Hoods Bay you are welcome to attend to sign the paperwork. However, the firms we work with provide countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when communicating with you digitally. The signing of the purchase agreement is not the critical part. Signing on the dotted line is necessary for the conveyancer to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Robin Hoods Bay)to be in the office available at the end of the phone to exchange contracts.
How does conveyancing in Robin Hoods Bay differ for newly converted properties?
Most buyers of new build premises in Robin Hoods Bay approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Robin Hoods Bay usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Robin Hoods Bay or who has acted in the same development.
I have been on the look out for a flat up to £195,000 and found one round the corner in Robin Hoods Bay I like with a park and railway links in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Robin Hoods Bay in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to 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 consult your conveyancing lawyer about this matter.
I am looking into buying my first house which is in Robin Hoods Bay and I am already nervous. I couldn't find anything specific about Robin Hoods Bay. Conveyancing will be needed in due course but do you know about the Robin Hoods Bay area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Robin Hoods Bay. In the meantime here are some basic statistics that we found
What is the best way to find the right lawyer for my conveyancing in Robin Hoods Bay ?
First ask your friends and family who they used in the past and if they were happy with the service. Option 2 is to use a search tool on the internet for conveyancing in Robin Hoods Bay. Telephone a couple or more firms from the list and request that they send you their conveyancing fees and speak to the lawyer who will conduct your conveyancing before you make your decision. Option 3 is to make use of our search tool to assist you in finding the right lawyers taking into account your unique requirements including location,speed, complexity and who the proposed lender is.Do not be fooled by £99 conveyancing solicitors in Robin Hoods Bay