My husband and I are approaching an exchange on a flat in Stony Stratford and my mum and dad have sent the ten percent deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
Your solicitor is obliged to check with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
My brother-in-law has suggested I instruct a conveyancing solicitor in Stony Stratford. I I am struggling to find out whether they are accepted on the TSB conveyancing panel. Could you help?
The first thing to do is contact your solicitor and enquire if they can act for the lender. Alternatively you should call TSB who may be able to assist.
I am intent on selling our home in Stony Stratford and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers used a national conveyancing practice as opposed to a conveyancing solicitor in Stony Stratford. We have lived in Stony Stratford for 5 years we know that this is a non issue. Do we contact our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of 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 illness)
three months have gone by following my purchase conveyancing in Stony Stratford concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 premises 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.
If all goes to plan we aim to complete the sale of our £175,000 apartment in Stony Stratford in seven days. The management company has quoted £360 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Stony Stratford?
Stony Stratford conveyancing on leasehold apartments typically necessitates fees being raised by managing agents :
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Answering conveyancing due diligence enquiries
Where consent is required before sale in Stony Stratford
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Stony Stratford Leasehold Conveyancing - Examples of Questions you should consider before buying
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Its a good idea to find out as much as possible concerning the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters such as the tidiness of the common parts. You should not be shy to ask other people what they think of them. Finally, investigate as to the dates that the maintenance charges are due to the relevant party and precisely what it includes. Is there a share of the freehold? What is the length of the lease?
If instructed can a conveyancer remove a name from the title of my home in Stony Stratford ?
Removing or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor