We are getting closer to an exchange on a house in Hendon and my parents have transferred the 10% deposit to my conveyancer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification 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 coming from anyone other than me. I disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancer is obliged to check with lender 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 mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Hendon. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 8/10/2019, the requirements read as follows :
My partner and I are selling our house in Hendon and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using an online conveyancing outfit rather than a conveyancing solicitor in Hendon. We have lived in Hendon for three years we know that this is a non issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer 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)
My wife and I have a terraced Victorian property in Hendon. Conveyancing lawyer represented me and Barnsley Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hendon and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing practitioner who conducted the work.
How does conveyancing in Hendon differ for new build properties?
Most buyers of new build or newly converted property in Hendon contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Hendon typically buy 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 Hendon or who has acted in the same development.
Are you able to shed any light on the spectrum of conveyancing provided by Hendon conveyancing solicitors?
The majority of Hendon conveyancing companies manage to provide various assistance to domestic and rural land owners, vendors, investors, freeholders and tenants helping outwith some of the following:
Private sale conveyancing in Hendon or beyond
Property purchase conveyancing in Hendon and nationwide
Staircasing where you are buying an additional or final share in a shared ownership property Right to Buy from the local authority Planning permissions and restrictions New and replacement mortgages