I am only a couple days away from an exchange on a flat in Andover and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my conveyancer needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when acquiring a house in Andover? or Apparently there is a law dating back centuries that means some owners of property residing in a parish church boundary may be liable to pay for repairs to the chancel within the church. Is this a legitimate concern for conveyancing in Andover?
Unless a previous purchase of the premises completed after 12 October 2013 you could expect solicitors handling conveyancing in Andover to remain recommending a chancel search and or chancel repair liability policy.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Andover. Conveyancing is a frightening process 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 few leasehold new build questions that you should expect your new-build leasehold conveyancing in Andover
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Andover is where the house is located. Can you offer any assistance?
Flying freeholds in Andover are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Andover you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Andover may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
In what way does the Landlord & Tenant Act 1954 affect my commercial property in Andover and how can your lawyers assist?
The 1954 Act provides a safeguard to business tenants, granting the legal entitlement to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Andover
I am a fortnight into a freehold purchase having been referred to solicitors by the estate agent to perform conveyancing in Andover. I am am extremely dissatisfied with the quality of service. Could you help me find new conveyancers?
They would need to be very bad in order to consider diss instructing them. Has the mortgage been issued? If so you must inform them of the new contact details and get the loan are re-sent. The conveyancer should be on the mortgage company panel to avoid escalating fees and frustration. So that should be your starting point. Our find a solicitor tool can assist you in finding a bank approved conveyancer for your home move in Andover