I am nearing an exchange on a flat in St Agnes and my mum and dad have sent the exchange deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your property lawyer is duty bound to clarify with the bank to ensure that they are aware 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.
A colleague recommended that where I am purchasing in St Agnes I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your St Agnes conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about St Agnes around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the St Agnes Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, St Agnes Education with maps and statistics, Local Amenities and other useful data about St Agnes.
3 months have gone by following my purchase conveyancing in St Agnes completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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 property 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.
I am buying a new build flat in St Agnes. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in St Agnes
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision.
My uncle has encouraged me to instruct his conveyancers in St Agnes. Do I take his advice?
No doubt the best way to select a conveyancing lawyer is to get feedback from friends or family who have actually previously instructed the conveyancer you're considering.
Are you able to set out the variety of conveyancing undertaken by St Agnes conveyancing solicitors?
On the whole St Agnes conveyancing solicitors manage to provide various legal advice to domestic and rural land proprietors, sellers, investors, freeholders and tenants helping outwith some of the following:
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Home sale conveyancing in St Agnes or wider afield
Home purchase conveyancing in St Agnes and countrywide
Switching mortgage lenders Shariah Compliant Finance including sales, purchases and refinances Staircasing (purchasing additional shares in your home) Non-contentious landlord & tenant matters