I am only a couple days away from an exchange on a house in Cirencester and my mum and dad have transferred the ten percent deposit to my property lawyer. 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 mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The conveyancing practitioner is duty bound to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am the registered owner of a freehold house in Cirencester yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Cirencester and has limited impact for conveyancing in Cirencester but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
What is the best way to check that the solicitor conducting my conveyancing in Cirencester is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus paying £175.00 in additional legal charges.
You should take advantage of the search tool on this web page. Please choose the mortgage company and type ‘Cirencester’ or your location and you will be presented with a number of lawyer based in Cirencester or by proximity to you.
I bought my home on 3 September and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Cirencester advises it will be formalised inside ten days. Are titles in Cirencester particularly slow to register?
As far as conveyancing in Cirencester registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can vary subject to who lodges the application, whether it is in order and if the Land registry must send notices to any interested parties. As of today approximately 80% of submission are fully dealt with within two weeks but some can be subject to extensive delays. Historically registration is effected once the buyer is living at the property so 'speed' is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer can communicate with the Registry to express the reasoning for an expedited registration.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Cirencester. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Cirencester
Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants.
How much experience do your Cirencester conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Cirencester conveyancing lawyers help thousands of people move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Cirencester conveyancers have worked on recent similar cases.