I am only a couple days away from an exchange on a flat in Cornwall and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
Your solicitor is obliged to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Cornwall last November yet the purchaser is Skype messaging me to moan that his conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your house sale your conveyancer should forward the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Cornwall.
How does conveyancing in Cornwall differ for newly converted properties?
Most buyers of new build property in Cornwall contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Cornwall usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Cornwall or who has acted in the same development.
I am looking into buying my first house which is in Cornwall and I am already nervous. I couldn't find anything specific about Cornwall. Conveyancing will be needed in due course but do you know about the Cornwall area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Cornwall. In the meantime here are some basic statistics that we found
I am using a search engine for the term on line conveyancing in Cornwall it brings up many property lawyersin the vicinity. How do I determine which is the right property lawyer for the sale of my house?
The best method of finding the right conveyancer is via trusted testimonial, so ask colleagues and those you trust who have bought a property in Cornwall or the respected estate agent or mortgage broker. Fees for conveyancing in Cornwall vary, so it's a good idea to obtain a minimum of four fee estimates from varying types of property lawyers. Be sure to seek confirmation what costs in the quote includes.
I wish to sublet my leasehold flat in Cornwall. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Notwithstanding that your previous Cornwall conveyancing solicitor is not around you can review your lease to see if you are permitted to let out the premises. The rule is that if the deeds are non-specific, subletting is permitted. Quite often there is a prerequisite that you need to obtain permission via your landlord or other appropriate person prior to subletting. This means you not allowed to sublet in the absence of prior consent. The consent should not be unreasonably refused ore delayed. If your lease prohibits you from subletting the property you will need to ask your landlord for their consent.
Cornwall Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
The answer will be helpful as a) areas could cause problems in the building as the communal areas may start to deteriorate where repairs are not paid for b) if the tenants have a dispute with the running of the building you will need to have all the details Does the lease have more than 80 years remaining? Generally speaking the outlay for major works are not wrapped into the maintenance charges, although there some managing agents in Cornwall require leasehold owners to contribute towards a sinking fund created for the specific purpose of establishing a fund for major repairs or maintenance.