My wife and I are getting closer to an exchange on a flat in Aldershot and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my conveyancer needs to disclose this 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 coming from anyone other than 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 duty bound to clarify with the bank to ensure that they are aware 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 looking to buy a property and require a conveyancing solicitor in Aldershot who is on the Yorkshire BS solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Aldershot.
I am helping my aunt sell her house in Aldershot. Will the conveyancing solicitor commission an energy assessment or it is for me to see to?
Following the demise of HIPs, energy assessments became a compulsory element of moving house. An energy performance certificate needs to be to hand prior to the property being marketed. It is not something that conveyancers normally organise. Where you are using a Aldershot conveyancing solicitor they may help arrange energy assessments due to their contacts with long established local accredited person
Planning on purchasing a flat in Aldershot. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Aldershot lawyer is on the Principality conveyancing panel.
I have instructed a Aldershot conveyancer having made sure that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Aldershot postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Aldershot.
I require fast conveyancing in Aldershot as I am faced with pressure to exchange contracts within 4 weeks. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no law firm would suggest that you don't. With plenty of history conveyancing in Aldershot the following are examples of what can appear and adversely affect future mortgageability: Enforcement Notices, Overdue Fees, Outstanding Grants, Railway Schemes,...
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Aldershot I like with amenity areas and station in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Aldershot in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan that many years will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I have just appointed agents to market my basement apartment in Aldershot.Conveyancing lawyers have not yet been instructed but I have recently received a yearly maintenance charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as you normally would because all ground rent and service payments should be apportionedon completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially