My partner and I are nearing an exchange on a property in Blandford Forum and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is obliged to check with the bank to make sure that they know 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 permit them to, failing which, your lawyer must cease to continue acting.
Why do I have to pay up front for conveyancing in Blandford Forum?
Where you are retaining lawyers for conveyancing in Blandford Forum your lawyer will ask you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the total price then this should be required shortly ahead of exchange of contracts. Any further balance that is due should be transferred a couple of days ahead of the day of completion.
Our bank has recommended solicitors on their panel based in Blandford Forum but I would rather choose a conveyancing lawyer in Blandford Forum round the corner to me. Are you able to assist?
The minority of Blandford Forum conveyancing practices are listed all lender’s conveyancing panel. Please make use of the above search tool to choose a Blandford Forum conveyancing solicitor on the on the lender panel.
I have justdiscovered that Stirling Law have been shut down. They conducted my conveyancing in Blandford Forum for a purchase of a freehold house 9 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Blandford Forum conveyancing specialists.
I need to appoint a conveyancing solicitor for my conveyancing in Blandford Forum. I've chance upon a web site which appears to be the ideal solution If it is possible to get all the legals done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am on look out for some leasehold conveyancing in Blandford Forum. Before I get started I would like to find out the remaining lease term.
Assuming the lease is registered - and 99.9% are in Blandford Forum - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a ground floor flat in Blandford Forum, conveyancing having been completed June 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Blandford Forum with over 90 years remaining are worth £202,000. The ground rent is £55 charged once a year. The lease ceases on 21st October 2082
With 56 years remaining on your lease we estimate the premium for your lease extension to span between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.