My husband and I are nearing an exchange on a house in Cirencester and my mum and dad have sent the ten percent deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my lawyer needs to make a notification 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 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 necessary for this now to be an issue?
Your lawyer is duty bound to clarify with mortgage company to ensure that they know 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.
Can I use your services to find a Conveyancing solicitor in Cirencester even where I’m not buying or selling a house, for instance where I wish to buy a shop in Cirencester with a loan from Santander?
The service is primarily there to help choose domestic conveyancing solicitors in Cirencester but we have recorded at the bottom of this page a selection of Cirencester commercial conveyancing firms. You will need to speak with the firm directly to check if they can also act for Santander
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Cirencester?
There are many registered licenced Conveyancers in Cirencester and Solicitor firms in Cirencester to choose from It is important to make clear that both are regulated professionals specialising in the legal aspects of transferring property. They may both also conduct associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I just bought a house at auction in Cirencester. Conveyancing is necessary. What is next?
Having for all intents and purposes signed on the dotted line you now have to choose a conveyancing practitioner soon as you are facing a fast approaching a fixed date to complete the conveyancing. Every auction property will have a bespoke auction pack. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You must pass this on to the solicitor instructed by you as soon as possible. Do make sure that that you have the requisite funding organised to complete on the on the contractual date .
Completion of my remortgage has taken place for my property in Cirencester. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I have been recommended by a couple of local property agents in Cirencester to select a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to market your lawyers over alternative conveyancing organisations?
We don’t make any commission for pointing buyers and sellers our way. We found it would be just too difficult a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Am I better off to appoint a Cirencester conveyancing solicitor based in the location that I am hoping to buy? We have a good friend who can conduct the conveyancing however they are based over three hundred miles away.
The benefit of a local Cirencester conveyancing practice is that you can drop in to execute paperwork, deliver your ID and pester them where appropriate. They will also have local insight which is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were content that must outweigh using an unknown Cirencester conveyancing lawyer solely due to them being based in the area.
I have just appointed agents to market my garden apartment in Cirencester. Conveyancing has not commenced, however I have recently received a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the maintenance contribution as usual because all rents and maintenance payments should be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Cirencester Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
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Its a good idea to find out as much as you can concerning the company managing the building as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to day to day issues such as the cleanliness of the common parts. Enquire of prospective neighbours what they think of them. Finally, find out the dates that the service charges are due to the relevant party and precisely what you get for your money. The best form of lease structure is a share of the freehold. In this arrangement the leaseholders enjoy being in charge if their destiny and even though a managing agent is usually retained where it is bigger than a house conversion, the managing agent is directed by the tenants. You should be aware that where the lease has less than 80 years it will affect the marketability of the property. Check with your bank that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease at some point and it is worth finding out what this will be. Remember, in most cases you will need to own the property for a couple of years before you are legally able to carry out a lease extension.