My husband and I are only a couple days away from an exchange on a property in Frinton On Sea and my mum and dad have transferred the exchange deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my property lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your property lawyer is obliged to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are buying a property and require a conveyancing solicitor in Frinton On Sea who is on the Co-operative conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Frinton On Sea.
My wife and I purchasing a end of terrace house in Frinton On Sea. The intention is to carry out an extension to the side at the house.Will legal due diligence on the property include investigations to ascertain if these alterations are allowed?
Your conveyancer should check the deeds as conveyancing in Frinton On Sea will sometimes identify restrictions in the title deeds which restrict certain changes or necessitated the consent of another owner. Many extensions require local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
My lawyer has informed me that lack of right of way insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Frinton On Sea?
The appropriate level of lack of right of way indemnity insurance depends on your lender. It would differ for example between Santander and Skipton Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
The formalities of my remortgage has taken place for my property in Frinton On Sea. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I am selling our house in Frinton On Sea and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers instructed a factory type conveyancing firm as opposed to a conveyancing solicitor in Frinton On Sea. We have lived in Frinton On Sea for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Frinton On Sea I like with a park and transport links nearby, however it only has 51 years unexpired on the lease. There is not much else in Frinton On Sea suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
What can I do to establish who owns a property in Frinton On Sea?
Provided the premises is registered with the Land Registry, and you have sufficient specifics of the address of the property, you should be able to see details from the the Land Registry of the registered owner for a fee.