We are nearing an exchange on a flat in Halstead and my parents have sent the 10% deposit to my property lawyer. I am now told that as the deposit has not arrived from me my conveyancer needs to disclose this to my lender. Apparently, 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 bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your property lawyer is legally required to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
How up to date is your search tool for Halstead conveyancing solicitors on the UBS conveyancing panel? Do UBS send you an updated list?
Halstead conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather appoint a high street conveyancing solicitor in Halstead?
You should check but the chances are that allocate you one of their panel lawyers should you want the "fee-free" incentive. Contact the mortgage company and determine if they allow a cash alternative. Some banks 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 Halstead.
This question may be naive but I am wet behind the ears as a first time purchaser of a garden flat in Halstead. Do I collect the keys to the house on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Halstead?
On the day of completion you do not need to attend the conveyancers office in Halstead. Your solicitors will electronically transfer the completion advance to the seller's lawyers, and once they have received this, you will be invited to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
is it true that all Halstead conveyancing solicitors on the Santander conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Santander conveyancing panel they would need to be overseen by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel in which case such practice would be overseen by the CLC.
We have agreed to purchase a house in Halstead. A rare aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Co-operative your lawyer must comply with the formal requirements set out in Section two of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and solicitors are required to report to Co-operative where a lease fails to comply with these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Halstead.
I used Stirling Law a few years past for my conveyancing in Halstead. I now require my papers however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Halstead of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
If all goes to plan we aim to complete our sale of a £300,000 garden flat in Halstead next week. The managing agents has quoted £396 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Halstead?
For most leasehold sales in Halstead conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering pre-exchange enquiries
Where consent is required before sale in Halstead
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I purchased a basement flat in Halstead, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Halstead with over 90 years remaining are worth £222,000. The ground rent is £50 invoiced annually. The lease terminates on 21st October 2094
With only 70 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.