My husband and I are approaching an exchange on a flat in Debenham and my mum and dad have transferred the exchange deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my conveyancer needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The 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 reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My wife and I own a terraced Edwardian property in Debenham. Conveyancing practitioner acted for me and TSB. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Debenham and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who carried out the work.
How does conveyancing in Debenham differ for newly converted properties?
Most buyers of new build or newly converted property in Debenham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Debenham tend to acquire the real estate, 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 Debenham or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and identified one near me in Debenham I like with a park and station nearby, however it only has 51 years on the lease. There is not much else in Debenham for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Is there anything unique about your site and other web based conveyancing solicitors when it comes to conveyancing in Debenham?
At this site obtain an accurate quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Debenham. Unlike many estate agents and many comparison sites we do not have commission arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the most commission, rather than the best value conveyancing in Debenham
As co-executor for the will of my grandfather I am selling a house in Monmouth but reside in Debenham. My solicitor (based 235 miles awayrequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing practitioner in Debenham to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are Debenham based