My wife and I are approaching an exchange on a house in Cookham and my parents have sent the exchange deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my bank. I am advised that, in also acting for the lender 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 home loan, so is it really appropriate for this now to delay the deal?
Your lawyer is legally required to check with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
A friend recommended that if I am purchasing in Cookham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Cookham conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Cookham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Cookham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Cookham Education with plans and statistics, Local Amenities and other useful data concerning Cookham.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who conducted the conveyancing in Cookham 4 years ago no longer exist. What are my options?
Gone are the days when you need to hold title original deeds to prove you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
Due to the input of my in-laws I had a survey completed on a house in Cookham prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may not issue a loan on such a house.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cookham. Conveyancing may be slightly more expensive based on your lender's requirements.
I have just appointed agents to market my basement flat in Cookham. Conveyancing lawyers have not yet been instructed, but I have just received a half-yearly service charge demand – what should I do?
It best that you clear the maintenance contribution as usual given that all ground rent and maintenance payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser 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. Having a clear account will assist your cause and will leave you no worse off financially.
Cookham Conveyancing for Leasehold Flats - A selection of Questions you should consider before Purchasing
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Does the lease have onerous restrictions? For most Cookham leaseholds the outlay for major works tend not to be included within maintenance charges, although there some managing agents in Cookham obliged tenants to pay into a sinking fund and this is used to offset against larger works. Are any of leasehold owners in arrears of their service charge liability?
I acquired a house in Cookham last 7/8/2023 and to date it is still not registered with HMLR. It was part of a development site and my conveyancing practitioner told me that it can take 12 months to complete the registration formalities. I have called the Land Registry directly and they say that the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your conveyancing practitioner that you must get in touch with in order to satisfy any issues which have arisen as part of the registration process for your Cookham property. Normal Cookham conveyancing practice includes an undertaking on the part of the seller's conveyancing practitioner that they will help resolve any requirements raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.