I was informed recently by my IFA that my Yateley lawyer is not on the bank Solicitor panel. What can I do to be sure if this is correct?
Your first step should be to call your Yateley conveyancer. You lawyer should advise you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
My partner and I are getting closer to an exchange on a house in Yateley and my parents have transferred the exchange deposit to my property lawyer. I am now told that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my lender. Apparently, in also acting for the bank he must inform 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 lawyer is obliged to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
It is a dozen years since I bought my house in Yateley. Conveyancing lawyers have now been retained on the sale but I can't locate my deeds. Is this a major issue?
Don’t worry too much. Firstly the deeds may be kept by your lender or they may be in the possession of the conveyancers who acted in your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Most conveyancing in Yateley relates to registered property but in the unlikely event that your property is unregistered it is more tricky but is not insurmountable.
I am looking into buying my first house which is in Yateley and I am already nervous. I couldn't find anything specific about Yateley. Conveyancing will be needed in due course but do you know about the Yateley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Yateley. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my father I am disposing of a residence in Cardiff but reside in Yateley. My conveyancer (based 250 kilometers from merequires that I execute a stat dec before completion. Could you suggest a conveyancing solicitor in Yateley to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Yateley
Completion is due on our sale of a £325,000 garden flat in Yateley next week. The management company has quoted £312 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Yateley?
Yateley conveyancing on leasehold flats normally necessitates the purchaser’s lawyer submitting enquiries for the landlord to address. Although the landlord is not legally bound to respond to these enquiries most will be willing to assist. They are entitled to levy a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is in excess of £800. The administration charge invoiced by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration fees, otherwise the invoice is not strictly payable. In reality you have no option but to pay whatever is demanded should you wish to complete the sale of your home.
Leasehold Conveyancing in Yateley - Examples of Questions you should consider before Purchasing
-
The best form of lease arrangement is where the freehold interest is in the ownership of the leaseholders. In this arrangement the lessees benefit from being in charge if their destiny and notwithstanding that a managing agent is often retained if it is bigger than a house conversion, the managing agent is directed by the tenants. What is the the remaining lease term? You should want to discover as much as possible concerning the company managing the block as they will either make life much simpler or problematic. As the proprietor of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to every day matters such as the upkeep of the common parts. Enquire of other tenants if they are happy with their service. On a final note, find out the dates that you are obliged pay the service charge to the appropriate party and specifically what you get for your money.