My husband and I are only a couple days away from an exchange on a flat in Bala and my parents have sent the 10% deposit to my conveyancer. I am now advised that as the deposit has been received from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company 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 appropriate for this now to be an issue?
The property lawyer is obliged to clarify 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 disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am buying a semi-detached house in Bala. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Bala you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bala.
We are close to exchanging contracts on the sale of our property in Bala and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any local lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Bala. Having lived in Bala for 5 years we know of no issue. Should we get in touch with our local Authority to obtain confirmation need.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
It has been five months following my purchase conveyancing in Bala concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Are there any apps to assist me to search for a Bala solicitor on the Accord Mortgages Ltd conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this website. Please select a mortgage company and your location and you will see a number of Bala conveyancing lawyers locally. We have listed some Bala conveyancing firms towards the end of this page and you can ring them to verify if they are on the Accord Mortgages Ltd panel
Expecting to sign contracts shortly on a studio apartment in Bala. Conveyancing solicitors inform me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Bala should include some of the following:
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You should be informed what constitutes a Nuisance as far as the lease is concerned Does the lease prohibit wood flooring? Responsibility to repair and maintain the block. It is essential that you know which party is duty bound to repair and maintenance of all parts of the block and estate What you can do if a neighbour breaches a clause of their lease?
Bala Conveyancing for Leasehold Flats - A selection of Queries before buying
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What prohibitions are contained in the Bala Lease? How much is the annual maintenance fee and ground rent? It would be prudent to find out as much as you can regarding the managing agents as they will affect your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to every day matters like the cleanliness of the communal areas. Ask other tenants what they think of their management. Finally, investigate as to the dates that you are obliged pay the service charge to the relevant party and precisely what it includes.