I am approaching an exchange on a property in Deal and my parents have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has not come from me my conveyancer 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 advised the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
Your conveyancer is legally required to check with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My aunt passed away six months ago and as sole heir and executor I was left the house in Deal. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this possible?
Where you intend to refinance then Nationwide will insist on your using a conveyancer on the Nationwide conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nationwide conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nationwide mortgage is registered as a charge at the Land Registry.
I used Stirling Law several years past for my conveyancing in Deal. Now, I need the files however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Deal of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a ground for flat up to £305k and identified one near me in Deal I like with open areas and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Deal for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I am looking into buying my first house which is in Deal and I am already nervous. I couldn't find anything specific about Deal. Conveyancing will be needed in due course but do you know about the Deal area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Deal. In the meantime here are some basic statistics that we found
There are a lot of properties in Deal on private lanes. I am purchasing one such house. Are there any benefits to buying a residence on a privately owned road?
Deal conveyancing firms are well versed in transacting homeson unadopted roads. Your conveyancing practitioner will investigate title to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that owners pay into to maintain the road. Where there is one, the road will likely be maintained and appear nicer than publicly owned.