My partner and I are only a couple days away from an exchange on a property in Scunthorpe and my mum and dad have sent the 10% deposit to my property lawyer. I am now advised that as the deposit has not arrived from me my property 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 not just from me. I advised the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The conveyancing practitioner is legally required to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I have 70 years remaining on my lease and need a lease extension for my apartment in Scunthorpe. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/11/2024 the requirements read as follows :
Should commercial conveyancing searches reveal planned roadworks that may impact a commercial estate in Scunthorpe?
Its becoming the norm that commercial conveyancing solicitors in Scunthorpe will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Scunthorpe. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Scunthorpe.
For every commercial conveyancing transaction in Scunthorpe it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Scunthorpe commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Scunthorpe.
Are there restrictive covenants that are commonly identified during conveyancing in Scunthorpe?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Scunthorpe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am thinking of appointing a conveyancing practitioner in Scunthorpe for my sale. Is there any facility to check a firm’s record with the profession’s regulator?
Anyone can review documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator may recorded telephone calls for training reasons.
We have been advised by various friends to expect six to eight weeks for Scunthorpe conveyancing to complete.This was 3 ago. The draft contract was only forwarded to my property lawyer yesterday so now does it countdown?
You need to be pragmatic about timescales. Moving home in Scunthorpe takes on average about ten weeks. This timeframe is not because property lawyer are slow and deliberately delay matters. The level of money involved in purchasing any property is so high, the purchaser's lawyer having to raise a whole range of queries, searches and further checks to protect the purchaser and their lender (if there is to be a mortgage) from expensive, avoidable problems. Conveyancing in Scunthorpe involves getting information from an array of third parties, including other lawyer, local councils, private companies, lenders. Many of these are well organised. Others aren't. And remember, it doesn't matter how quickly your lawyer do their work, if the people you are purchasing from or are selling to aren't ready, nothing can go ahead until they are.