I am getting closer to an exchange on a flat in Egham and my mum and dad have sent the 10% deposit to my lawyer. I am now informed that as the deposit has not arrived from me my lawyer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The lawyer is obliged to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Having sold my house in Egham last December yet the purchaser is texting every few hours to say his conveyancer is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your house sale your conveyancer is duty bound to forward the transfer deeds and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer should also confirm that the home loan has been discharged to the buyers lawyers. There is unlikely to be post completion tasks unique to conveyancing in Egham.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to appoint a high street conveyancing solicitor in Egham?
You should check but the the likelihood is that appoint one of their panel lawyers should you accept the "fee-free" offer. Speak to the bank and ask if they allow a cash alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Egham.
Have purchased a a detached house in Egham , What is the estimated time for the Land Registry to record my ownership? My Egham conveyancing solicitor has been very slow, so I want to be sure that my purchase is registered.
As far as conveyancing in Egham is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can differ according to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. Currently approximately three quarters of submission are completed within 12 days but occasionally there can be protracted hold-ups. Historically registration occurs after the purchaser has moved in to the property thus 'speed' is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I am looking for a flat up to £235,500 and found one round the corner in Egham I like with a park and railway links nearby, however it only has 49 years unexpired on the lease. There is not much else in Egham for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
How and when do I cover the costs of the Stamp Duty Land Tax due for my Egham flat purchase?
The majority of conveyancers tend to complete a Land Transaction Return Form on your behalf as part of your Egham purchase transaction for you to sign. On completion your lawyer will submit the Land Transaction Return Form to the Inland Revenue and - assuming they have the money - settle any Stamp Duty liability on your behalf.