My partner and I are nearing an exchange on a flat in Upminster and my parents have sent the exchange deposit to my solicitor. I am now advised that as the deposit has not arrived from me my lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is legally required 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. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Upminster?
Two types of professional can carry out conveyancing in Upminster namely licenced conveyancers or solicitors. The two can administer conveyancing services that you need to complete the sale or acquisition of property. They are both obliged to handle Upminster conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that all requirements and steps will be accurately attended to.
Can you point me to a directory of Leeds Building Society panel conveyancers in Upminster on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings open the public online. Where you are seeking to appoint a Upminster conveyancer on the Leeds Building Society please make the most of our tool.
I currently have a mortgage with Aldermore for my property in Upminster. Conveyancing has been completed some time ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore?
Your original mortgage agreement with Aldermore will provide that you need their approval prior to renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel lawyer.
Should commercial conveyancing searches disclose proposed roadworks that could affect a commercial premises in Upminster?
Its becoming the norm that commercial conveyancing solicitors in Upminster will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Upminster. The report sets out definitive information 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 Upminster.
For every commercial conveyancing transaction in Upminster it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Upminster commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Upminster.
I used Arc property Solicitors several years ago for my conveyancing in Upminster. Now, I need my documents however the law firm is no longer operating. 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 Upminster 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 opted to have a survey done on a house in Upminster before appointing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders will refuse to give a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Upminster. Conveyancing will be smoother if you use a solicitor in Upminster especially if they are accustomed to such properties in Upminster.
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend solicitors offering competitive fees for non-domestic conveyancing in Upminster for less than £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Upminster, including the sale and purchase of businesses as well as simply property. If you are intending to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right solicitor. Regarding the charges these will vary based on the structure and nuances of the deal. Let us have your contact information or phone so as to enable us to supply you with a fixed commercial conveyancing quote.