My wife and I are nearing an exchange on a house in Belgravia and my parents have transferred the ten percent deposit to my solicitor. I am now told that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your solicitor is legally required to check with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We are planning to move house in June. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you put forward a removal company in Belgravia. Conveyancing firm was organised before I stumbled across your website.
On the afternoon of completion you will need to collect the house keys from your estate agent however this should only take place after the sellers solicitors inform the agent that they acknowledge receipt of the completion payment and the keys can be collected. You should advise the removal men that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you locate a conveyancing in Belgravia or a legal practice that specialises in conveyancing in Belgravia.
We are getting a further advance on our home loan from Virgin Money as we want to conduct a loft conversion to our house in Belgravia. Are we obliged to appoint a high street Belgravia solicitor on the Virgin Money conveyancing panel to deal with the legals?
Virgin Money don't usually instruct a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money panel.
I have instructed a Belgravia property lawyer having checked that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative 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. You may wish to consider appointing your own Belgravia surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
What does a local search reveal regarding the property I am purchasing in Belgravia?
Belgravia conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search is essential in every Belgravia conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications applicable to the premises (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 topic headings.
Are there restrictive covenants that are commonly identified during conveyancing in Belgravia?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Belgravia. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build flat in Belgravia. 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 conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Belgravia
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
How do I search for a Belgravia solicitor on the Aldermore conveyancing panel? I have a car and am willing to travel upto 20miles to meet the solicitor.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Belgravia conveyancing lawyers located nearest you. We have detailed some Belgravia conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Aldermore member panel