We are only a couple days away from an exchange on a flat in Reynoldston and my parents have transferred the ten percent deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your conveyancer is obliged to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would much rather instruct a high street conveyancing solicitor in Reynoldston?
Do check but the chances are that allocate you one of their panel solicitors if you want the "fee-free" deal. Call the bank to ask if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Reynoldston.
What can a local search tell me about the property we're buying in Reynoldston?
Reynoldston conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Xpress Legal The local search is essential in every Reynoldston conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
The deeds to our house can not be found. The solicitors who conducted the conveyancing in Reynoldston 4 years ago no longer exist. What are my next steps?
Gone are the days when you need to have the physical original deeds to prove you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.
I am buying a new build apartment in Reynoldston. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Reynoldston
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
My husband and I yesterday found out that one of the partners of the solicitors undertaking the purchase conveyancing in Reynoldston is an aunty of the vendor. Is this permitted?
Provided no conflict arises this should be fine. If you are obtaining a mortgage then the mortgage company may have a say as many mortgage companies have specific requirements concerning this. For example for Halifax as of 26/4/2024, the requirements read as follows :