My husband and I are getting closer to an exchange on a house in Hampton and my parents have sent the 10% deposit to my property lawyer. I am now advised that as the deposit has not arrived from me my conveyancer needs to disclose this to my bank. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The conveyancer is legally required to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
As a FTB what is the most important piece of guidance you can give me concerning purchase conveyancing in Hampton?
Not many law firms shout this from the rooftops but conveyancing in Hampton or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and other parties involved in the legal transfer of property. E.g., the vendor, property agent and even potentially your bank. Choosing a lawyer for your conveyancing in Hampton should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the process whose interest is to act in your legal interests and to protect you.
We are witnessing a definite ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. We recommend that you must always trust your solicitor ahead of the other players when it comes to the legal transfer of property.
Can I be sure that the Hampton conveyancing solicitor on the Yorkshire BS panel is any good?
When it comes to conveyancing in Hampton getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your conveyancing.
We have a mortgage agreed in principle with Virgin Money. Hampton conveyancing solicitors are selected. How long does it take for Virgin Money to forward the offer to the conveyancing practitioner?
There is no definitive answer here. Have Virgin Money done the valuation? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am due to exchange contracts on my apartment. I had a double glazing fitted in August 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Virgin Money are being pedantic. The Hampton solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What can a local search reveal concerning the house my wife and I purchasing in Hampton?
Hampton conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as Searchflow The local search is essential in every Hampton conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I am looking into buying my first house which is in Hampton and I am already nervous. I couldn't find anything specific about Hampton. Conveyancing will be needed in due course but do you know about the Hampton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hampton. In the meantime here are some basic statistics that we found
Having checked my lease I have discovered that there are only Sixty One years remaining on my lease in Hampton. I need to get lease extension but my landlord is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to prove that you or your lawyers have made all reasonable attempts to locate the lessor. For most situations an enquiry agent should be helpful to conduct investigations and to produce a report which can be used as proof that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on devolving into the landlord’s absence and the application to the County Court covering Hampton.
After months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Hampton. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to judgment on the price.
An example of a Lease Extension decision for a Hampton flat is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case affected 1 flat. The unexpired lease term was 82.93 years.