We are approaching an exchange on a property in Berrylands and my parents have transferred the 10% deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the lender about 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 legally required to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Can your site be used to find a Conveyancing solicitor in Berrylands even if I’m not buying or disposing of a house, for example where I intend to acquire a shop in Berrylands with a loan from Alliance & Leicester ?
Our search tool is mainly there to find domestic conveyancing solicitors in Berrylands but we have listed at the bottom of this page a few Berrylands commercial conveyancing firms. You will need to speak with the firm directly to see if they can also act for Alliance & Leicester
I am helping my aunt sell her property in Berrylands. Will the solicitor order the energy assessment or it is for the owner to coordinate?
Following the demise of Home Information Packs, energy performance certificates was left as a required element of selling a property. An energy assessment needs to be commissioned in advance of the property being put on the market. This is not something that law firms normally organise. Where you are instructing a Berrylands conveyancing solicitor they might be able to arrange energy assessments due to their relationships with long established local energy assessors
My aunt informed me that in buying a property in Berrylands there may be various restrictions prohibiting external changes to the property. Is this right?
There are anumerous of properties in Berrylands which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Berrylands should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am expecting a OIP from RBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Berrylands solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Berrylands solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Berrylands is where the house is located. Can you offer any opinion?
Flying freeholds in Berrylands are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Berrylands you must be sure that your lawyer goes 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 Berrylands may ascertain 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 residence.
Are there any apps to assist me to locate a Berrylands solicitor on the Santander conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please choose the bank and your location and you will see a number of Berrylands conveyancing lawyers located nearest you. We have listed some Berrylands conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Santander member panel
We own a leasehold flat in Berrylands. Conveyancing was finished in last year. I have heard that I should not let the lease length get too low. What is the reasoning?
Berrylands leasehold properties are for a set term - usually 99 years when they commenced. However many flats in Berrylands were constructed or converted 25 or more years ago and so such leases now have fewer than eighty years left to run. This may seem like plenty of time but Banks, Building Societies and other mortgage lenders on the whole need leases to have a minimum of 75 years remaining to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are nearing 75 years. To enhance the marketability of your property you should be thinking about whether to extend your lease long before you come to sell it. There are also significant benefits to taking action before the lease hits 80 years as when the lease falls below eighty years the amount to be paid to extend starts to get a lot more expensive.