My wife and I are getting closer to an exchange on a house in Woodford Green and my mum and dad have transferred the exchange deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my lender. 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 regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The solicitor is duty bound to check with mortgage company 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 mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I am buying a property and require a conveyancing solicitor in Woodford Green who is on the Birmingham Midshires solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Birmingham Midshires in certain locations such as Woodford Green. We dont recommend any particular firm.
I used Wolstenholmes several years past for my conveyancing in Woodford Green. Now, I need the documents however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Woodford Green 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'm purchasing a new build house in Woodford Green with a mortgage from Skipton Building Society. The builders would not reduce the price so I negotiated £7000 of extras instead. The property agent suggested that I not disclose to my lawyer about the deal as it could jeopardize my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My husband and I are one month into a residential purchase having been referred to conveyancers by the high street agent to execute conveyancing in Woodford Green. I am am starting to be dissatisfied with the level of service. Can you help me find new solicitors?
They would have to be really poor to suggest diss instructing them. Has your mortgage offer been generated? If so you need to inform them of the replacement lawyer and ensure the offer are issued to the new lawyers. The conveyancer needs to be on the banks panel to avoid added costs and delays. That should be your first question of the new solicitors. Our search tool should assist you in finding a lender approved lawyer for your home move in Woodford Green
Expecting to exchange soon on a garden flat in Woodford Green. Conveyancing solicitors have said that they report fully within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Woodford Green should include some of the following:
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Are you allowed to have a pet in the flat? What remedies are open the freeholder should you have breached the provisions of the lease? An explanation as to the provision in the lease to pay service charges - in respect of the block, and the wider rights a lessee enjoys Where does the liability rest for repairing the window frames
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Woodford Green conveyancing firm to assist?
Most certainly. We are happy to put you in touch with a Woodford Green conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Woodford Green residence is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case related to 2 flats. The number of years remaining on the existing lease(s) was 69.26 years.