My wife and I are only a couple days away from an exchange on a house in Dartmouth and my parents have transferred the exchange deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your solicitor is obliged to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am buying a flat and require a conveyancing solicitor in Dartmouth who is on the Santander solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Santander in certain locations such as Dartmouth. We dont recommend any particular firm.
I'm buying my first flat in Dartmouth with the aid of help to buy. The builders would not reduce the amount so I negotiated 6k of additionals instead. The sale representative suggested that I not inform my lawyer about the extras as it may jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey carried out on a property in Dartmouth in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend not give a mortgage on such a house.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you contact us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Dartmouth. Conveyancing will be smoother if you use a solicitor in Dartmouth especially if they are accustomed to such properties in Dartmouth.
I have been sourcing a conveyancing practitioner in Dartmouth for my home move. Can I review a firm’s complaints history with the legal regulator?
One can review presented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.
I have just appointed agents to market my ground floor flat in Dartmouth. Conveyancing has not commenced, however I have recently had a quarterly maintenance charge demand – what should I do?
The sensible thing to do is pay the maintenance contribution as usual because all rents and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies 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.
Dartmouth Leasehold Conveyancing - Examples of Queries Prior to buying
It would be prudent to find out if there is anything that is prohibited in the lease. By way of example it is very common in Dartmouth leases that pets are not allowed in in a block in Dartmouth. If you like the propertyin Dartmouth yet your dog is not allowed to move with you then you will be presented with a difficult compromise. Is there a share of the freehold? It would be wise to find out as much as possible regarding the company managing the block as they will either make living at the property much easier or problematic. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to daily issues such as the upkeep of the common parts. Enquire of prospective neighbours what they think of their service. Finally, find out the dates that you are obliged pay the service charge to the managing agents and precisely what you get for your money.