We are only a couple days away from an exchange on a property in Whitnash and my mum and dad have transferred the exchange deposit to my solicitor. I am now informed that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my lender. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The property lawyer is obliged to check with the bank to ensure 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 bank if you agree, failing which, your lawyer must cease to continue acting.
I have been referred to a conveyancing solicitor in Whitnash. I need to find out if they are accepted on the HSBC Bank approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should phone the lawyer and enquire if they are on the lender panel. Otherwise you should get in touch with HSBC Bank who may be able to help.
I am looking into buying my first house which is in Whitnash and I am already nervous. I couldn't find anything specific about Whitnash. Conveyancing will be needed in due course but do you know about the Whitnash area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Whitnash. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for sale conveyancing in Whitnash. I have chance upon a site which looks to be the perfect offering If there is a chance to get all formalities done via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I only have 68 years left on my lease in Whitnash. I am keen to get lease extension but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you have made all reasonable attempts to track down the freeholder. In some cases a specialist would be helpful to try and locate and to produce an expert document which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer both on investigating the landlord’s disappearance and the application to the County Court covering Whitnash.
Leasehold Conveyancing in Whitnash - A selection of Queries before Purchasing
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For many Whitnash leaseholds the cost for major works tend not to be included within service charges, although a few managing agents in Whitnash ask leaseholders to pay into a sinking fund created for the specific purpose of establishing a fund for major works. Please note if it is fewer than 80 years it will impact the marketability of the apartment. It is worth checking with your lender that they are willing to to proceed given the lease term. A short lease means that you will almost definitely need a lease extension at some point and it is worth discovering how much this would cost. For most Whitnashlease extensions you would be required to have owned the property for a couple of years before you are legally able to extend the lease. How much is the yearly service fee and ground rent?
Is there an average conveyancing fee for conveyancing in Whitnash?
The average fee in 2014 for conveyancing in Whitnash was £1,500 excluding SDLT and HM Land Registry fees.