We are nearing an exchange on a property in Droitwich Spa and my parents have sent the 10% deposit to my conveyancer. I am now told that as the deposit has not come from me my property lawyer needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your conveyancer is duty bound to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My property lawyer in Droitwich Spa has never been on on the Platform Home Loans Ltd Approved Panel. Is it possible for me to continue with my family solicitor even though they are excluded from the Platform Home Loans Ltd list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Droitwich Spa solicitors but Platform Home Loans Ltd will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the overall legal fees as well as result in delays.
- Get a new practitioner to to deal with the purchase, obviously checking they are Persuade your lawyer to do everything within their powers to join the Platform Home Loans Ltd conveyancing panel
I decided to have a survey carried out on a property in Droitwich Spa prior to instructing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks will refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Droitwich Spa. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Droitwich Spa to see if the conveyancing will be more expensive.
I'm refinancing my existing property to a BTL mortgage with Clydesdale and intend to use the remaining equity as a deposit on further property. The location we are looking at is Droitwich Spa. Will your solicitors be able to act for both sets of mortgage companies and tie in the two deals?
Do use our search tool on this page to ensure that the solicitors are approved by both lenders. Having checked that they are your lawyer should be able to tie up the two transactions but you should talk with you lawyer and make clear your expectations and requirements.
I need to find a conveyancing solicitor for purchase conveyancing in Droitwich Spa. I happened to discover a site which appears to be the ideal answer If it is possible to get all formalities completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am in need of some leasehold conveyancing in Droitwich Spa. Before diving in I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and most are in Droitwich Spa - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Droitwich Spa Leasehold Conveyancing - A selection of Questions you should consider before Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? This information is helpful as a) areas may result in problems for the building as the common areas may start to deteriorate where repairs are not paid for b) if the leaseholders have an issue with the running of the building you will wish to have full disclosure How much is the ground rent and service charge?