I am getting closer to an exchange on a house in Cudham and my mum and dad have sent the 10% deposit to my property lawyer. I am now informed that as the deposit has not come from me my solicitor needs to make a notification to my lender. Apparently, 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 informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is obliged to check with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
As someone unfamiliar with conveyancing in Cudham what’s your top tip you can give me concerning the house moving process in Cudham
Not many law firms shout this from the rooftops but conveyancing in Cudham and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists plenty of room for confrontation between you and other parties involved in the transaction. E.g., the seller, selling agent and on occasion a mortgage company. Appointing a law firm for your conveyancing in Cudham should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose responsibility is to protect your legal interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. You your first instinct should be to trust your lawyer above all other players in the home moving process.
I need some quick conveyancing in Cudham as I am under a deadline to complete in less than 3 weeks. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you have the choice not to have searches conducted although no conveyancer would advise that you don't. With plenty of history conveyancing in Cudham the following are examples of issues that can be revealed and therefore impact the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Cudham is where the house is located. What do you suggest?
Flying freeholds in Cudham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cudham you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cudham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I have been sourcing a conveyancing solicitor in Cudham for my sale. Can I review a solicitor's record with the legal regulator?
You may review published Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA may recorded call for training reasons.
Can you offer any advice when it comes to appointing a Cudham conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Cudham conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Cudham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
Can they put you in touch with clients in Cudham who can give a testimonial?
I inherited a second floor flat in Cudham. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for a lease extension?
Most definitely. We are happy to put you in touch with a Cudham conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Cudham premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The unexpired lease term was 50.57 years.