My wife and I are approaching an exchange on a house in Gorton and my parents have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the lender about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your conveyancer is duty bound to check with lender to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
My Conveyancer in Gorton is not on the Barclays Conveyancing Panel. Is it possible for me to retain my prefered solicitor even though they are not on the Barclays panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your preferred Gorton lawyers but Barclays will need to use a lawyer on their list of acceptable firms. This will inevitably rack up the overall conveyancing charges and cause delays.
- Get a new lawyer to act in the conveyancing, not forgetting to check they are Barclays approved.
- Try to convince your Barclays based solicitor to attempt to join the Barclays panel
I have recentlyfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Gorton for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gorton conveyancing specialists.
Just had an offer accepted on a new build apartment in Gorton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Gorton
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared.
I opted to have a survey done on a property in Gorton ahead of retaining lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not give a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Gorton. Conveyancing will be smoother if you use a solicitor in Gorton especially if they regularly deal with such properties in Gorton.
Builders have recommended to me a conveyancing practitioner and I've obtained an estimate from them. It's nearly two hundred pounds cheaper than my own Gorton conveyancing practitioner. What's the catch?
Housebuilders frequently have lists of solicitors who expedite matters and who know the developer’s contract and conveyancing practitioner. As many developers offer an incentive to choose their approved conveyancer for this reason, any increased charges can be avoided and a builder will not suggest a conveyancing warehouse and run the risk of having the transaction delayed when they require an exchange in 28 days. The argument for not opting for the suggested conveyancing practitioner is that they may prove unwilling to 'push' your interests for fear of alienating the housebuilder. If you worry that this may be the case you should keep with your high street Gorton solicitor.