I am getting closer to an exchange on a property in Hampden Pk and my parents have transferred the exchange deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my lender. 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 informed the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The solicitor is obliged to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
My Solicitor in Hampden Pk has never been on on the Chelsea Building Society Solicitor Panel. Can I still continue with my family solicitor even though they are excluded from the Chelsea Building Society panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your preferred Hampden Pk solicitors but Chelsea Building Society will need to instruct a conveyancer on their panel. This will inevitably rack up the overall legal charges and result in delays.
- Get a new lawyer to act in the conveyancing, remembering to check they are Chelsea Building Society approved.
- Try to convince your Chelsea Building Society solicitor to attempt to join the Chelsea Building Society panel
My relative advised me that if I am purchasing in Hampden Pk I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Hampden Pk conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Hampden Pk around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hampden Pk Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Hampden Pk Education with plans and statistics, Local Amenities and other useful data regarding Hampden Pk.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a straight forward, chain free conveyancing. Hampden Pk is where the house is located. Can you shed any light on this issue?
Flying freeholds in Hampden Pk are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hampden Pk you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hampden Pk may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am looking to sell my house. My former solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Hampden Pk if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Hampden Pk. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
Can you offer any advice when it comes to choosing a Hampden Pk conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Hampden Pk conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Hampden Pk conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
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How experienced is the practice with lease extension legislation? Can they put you in touch with clients in Hampden Pk who can give a testimonial?
I acquired a 1st floor flat in Hampden Pk, conveyancing formalities finalised September 2009. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Hampden Pk with over 90 years remaining are worth £255,000. The average or mid-range amount of ground rent is £45 yearly. The lease runs out on 21st October 2097
With just 73 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.