We are approaching an exchange on a house in Flitwick and my mum and dad have transferred the ten percent deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my conveyancer needs to disclose this to my lender. I am advised that, 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 disclosed to the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
Your conveyancing practitioner is obliged to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
As someone not used to conveyancing in Flitwick what’s your top tip you can impart for the house moving process in Flitwick
You may not hear this from too many lawyers but conveyancing in Flitwick and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is lots of opportunity for conflict between you and others involved in the ownership transfer. For instance, the seller, estate agent and sometimes your bank. Choosing a lawyer for your conveyancing in Flitwick should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the legal process whose role it is to protect your legal interests and to protect you.
There is a worrying ongoing adversarial element to conveyancing- someone must be blamed for the process taking so long. You must always trust your solicitor above all other parties in the home moving process.
How does conveyancing in Flitwick differ for newly converted properties?
Most buyers of new build premises in Flitwick approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because builders in Flitwick usually acquire the site, 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 conveyancing solicitors 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 used to new build conveyancing in Flitwick or who has acted in the same development.
I am looking for a conveyancing lawyer in Flitwick for my home move. Is it possible to review a firm’s complaints history with the profession’s regulator?
Anyone may read presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training reasons.
I've recently bought a leasehold house in Flitwick. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Flitwick Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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Who takes charge for maintaining and repairing the building? What is the length of the lease? For many Flitwick leaseholds the cost for major works tend not to be incorporated into the service charges, albeit that there some managing agents in Flitwick ask leaseholders to contribute towards a sinking fund created for the specific intention of establishing a fund for major works.
What can I do to determine who is the owner of a property in Flitwick?
Provided the premises is recorded at HM Land Registry, and you have requisite information of the location of the premises, you will be able to see details from the the Land Registry of the recorded proprietor for a a minimal charge.