My husband and I are nearing an exchange on a house in Brentwood and my mum and dad have sent the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancer is duty bound to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a search directory identifying solicitors on the Nottingham conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Brentwood?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Brentwood.
About to place an offer on a leasehold property in Brentwood. The property agents tell me that it is usual for flats in Brentwood to have less than 75 years left on the lease. I am obtaining a mortgage with Accord Mortgages. Is this going to be acceptable if the lease has 72 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 26/3/2024 the requirements read as follows :
How easy is it to use your search tool to select a conveyancing solicitor in Brentwood on the authorised to act for my bank?
First select a lender such as Accord Mortgages Ltd, The Royal Bank of Scotland or Platform Home Loans Ltd then specify your location e.g. Brentwood. Conveyancing firms in Brentwood and across England and Wales will then be identified.
My uncle has suggested that I appoint his lawyers for conveyancing in Brentwood. Should I use them?
Much as we are happy to recommend a Brentwood conveyancing lawyer the ideal way to select a conveyancing practitioner is to get referrals from friends or family who have actually previously instructed the firm that you are contemplating using.
I own a leasehold flat in Brentwood. Conveyancing and Barclays Direct mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Brentwood who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Brentwood conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have had difficulty in seeking a lease extension in Brentwood. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a Brentwood conveyancing firm who can help.
An example of a Lease Extension case for a Brentwood residence is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The remaining number of years on the lease was 57.5 years.