My husband and I are approaching an exchange on a house in Bloomsbury and my mum and dad have sent the 10% deposit to my lawyer. I am now informed that as the deposit has not come from me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your lawyer is duty bound to clarify 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 reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I am helping my aunt sell her house in Bloomsbury. Does the solicitor commission an energy performance certificate or do I organise this?
Following the abolition of Home Packs, energy assessments was retained a compulsory component of moving house. An energy assessment needs to be commissioned before the property is advertised. It is not a task that solicitors ordinarily arrange. If you are instructing a Bloomsbury conveyancing lawyer they might be able to arrange energy performance certificates given their relationships with reputable local energy assessors
Does a directory service exist listing Clydesdale panel conveyancers in Bloomsbury on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings viewable online. If you are looking for a Bloomsbury conveyancing practitioner on the Clydesdale please make the most of our tool.
We have a mortgage agreed in principle with Skipton. Bloomsbury conveyancing practitioners have been instructed. How long does it take for Skipton to send the offer to the property lawyer?
There is no definitive answer here. Have Skipton conducted the survey? Have you informed Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We are purchasing a house and the solicitor has mentioned Chancel Repair to which the property could be obligated to pay given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly appropriate for conveyancing in Bloomsbury
Unless a prior purchase of the property completed post 12 October 2013 you could take it that solicitors carrying out conveyancing in Bloomsbury to continue to recommend a chancel search and or insurance against a claim.
I'm remortgaging my primary house to a buy to let mortgage with Chelsea Building Society and I will use the rest of the raised equity as a deposit on further house. The location we are talking about is Bloomsbury. Will your conveyancers be able to act for both sets of banks and link together the conveyances?
Do use our search tool on this page to check that the lawyers are on the relevant lender panels. Having checked that they are your solicitor should be able to tie up the two transactions but you should have a chat with you lawyer and make clear your expectations and needs.
I am hoping to complete next month on a ground floor flat in Bloomsbury. Conveyancing solicitors inform me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Bloomsbury should include some of the following:
-
The unexpired lease term. You should receive guidance as what happens when the lease expires, and aware of the importance of the 80 year mark You would want to receive a copy of the lease Who has the liability to repair and maintain the building. It is important for you to know which party is liable for the repair and maintenance of every part of the building Details of the parties to the lease, e.g. these could be the tennant, head lessor, landlord An explanation as to the provision as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the more general rights a tenant has
I am the registered owner of a second floor flat in Bloomsbury. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Absolutely. We are happy to put you in touch with a Bloomsbury conveyancing firm who can help.
An example of a Lease Extension case for a Bloomsbury property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case was in relation to 1 flat. The unexpired residue of the current lease was 66.8 years.
I have read on numerous consumer advice websites that before choosing a conveyancing lawyer they must be approved by your mortgage company. I am novice purchaser but I have an offer in principle via Halifax and I already have a high street conveyancing solicitor in Bloomsbury in place. Does Nat West Bank require an approved lawyer to be selected? If so, where do I find that list so I can choose a conveyancing lawyer in Bloomsbury?
You need to instruct a solicitor that is on the Nat West Bank panel. The first thing to do is call your chosen Bloomsbury conveyancing lawyer to check if they are on the Nat West Bank panel. If they are not approved you have a couple of alternatives available to you here:
- Complete the deal with your existing Bloomsbury conveyancing practitioner but Nat West Bank will undoubtedly appoint a solicitor from their conveyancing panel. This will result in additional fees and likely interruption.
- Get a fresh lawyer to conduct the conveyancing, obviously checking they are on the Nat West Bank conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the Nat West Bank panel of solicitors.