My wife and I are nearing an exchange on a house in Grove Park and my mum and dad have sent the exchange deposit to my conveyancer. I am now informed that as the deposit has been received from someone other than me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancing practitioner is obliged to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am planning on selling our property in Grove Park and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any local lawyer would know this is not the case. It does beg the question why the buyers are using an online conveyancing practice as opposed to a conveyancing solicitor in Grove Park. We have lived in Grove Park for six years we know of no issue. Should we contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You need to 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 sickness)
I have justfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Grove Park for a purchase of a leasehold apartment 12 months ago. How can I check that the property is in my name in the name of the previous owner?
The easiest method to check if the premises is registered to you, 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 Grove Park conveyancing specialists.
How does conveyancing in Grove Park differ for new build properties?
Most buyers of new build premises in Grove Park come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Grove Park tend to purchase the land, 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 property lawyers 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 accustomed to new build conveyancing in Grove Park or who has acted in the same development.
Am I better off to choose a Grove Park conveyancing solicitor based in the location that I am purchasing? I have an old university friend who can handle the legal work however they are based a couple of hundredkilometers away.
The primary upside of using a high street Grove Park conveyancing firm is that you can drop in to execute documents, present your ID and apply pressure on them if necessary. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and in the main were happy that should surpass using an unfamiliar Grove Park conveyancing lawyer just because they are local.
Planning to sign contracts shortly on a garden flat in Grove Park. Conveyancing solicitors assured me that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Grove Park should include some of the following:
Are pets allowed in the flat? Defining your legal entitlements in respect of the communal areas in the block.For instance, does the lease include a right of way over an accessway or hallways? Rent payments - what is due and what the invoice dates are, and be on notice if this will change in the future Whether the lease restricts you from subletting the property, or having a home office for business
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Grove Park conveyancing firm to represent me?
in cases where there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to determine the price payable.
An example of a Lease Extension decision for a Grove Park premises is 49 Woodstock Court Burnt Ash Hill in May 2012. the payment of £64,116 by the leaseholder was the premium which the Tribunal found due for the lease extension in this case. This case affected 1 flat. The unexpired residue of the current lease was 23.26 years.