My partner and I are approaching an exchange on a house in Woking and my parents have sent the 10% deposit to my solicitor. I am now informed that as the deposit has not come from me my solicitor needs to disclose this to my lender. I am advised that, 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 regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancing practitioner is legally required to check with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The 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 a decision in principle. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather instruct a Woking based conveyancing firm?
You should check but the the likelihood is that appoint one of their panel conveyancers where you want the "fee-free" incentive. Contact the lender and determine if they make available a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Woking.
Are there restrictive covenants that are commonly identified during conveyancing in Woking?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Woking. 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…’
Just had an offer accepted on a new build flat in Woking. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Woking
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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.
I am looking to sell my home. My previous lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Woking if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Woking. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
We have been told by many family members to expect up to two months for Woking conveyancing to complete.This was four weeks ago. The property information was only sent from the vendors solicitor last week so now does it countdown?
No official countdown exists for conveyancing in Woking, or any area in the UK. You simply have to ensure that your finances are in order and in due course the rest will come to you eventually.