My wife and I are getting closer to an exchange on a house in Keighley and my mum and dad have sent the exchange deposit to my solicitor. I am now advised that as the deposit has been received from someone other than me my lawyer needs to make a notification to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about 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 check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We are buying a flat and need a conveyancing solicitor in Keighley who is on the Leeds Building Society solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Keighley.
Should commercial conveyancing searches disclose impending roadworks that could impact a commercial site in Keighley?
Its becoming the norm that commercial conveyancing solicitors in Keighley will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Keighley. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Keighley.
For every commercial conveyancing transaction in Keighley it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Keighley commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Keighley.
How does conveyancing in Keighley differ for newly converted properties?
Most buyers of new build residence in Keighley contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Keighley usually buy the real estate, 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 used to new build conveyancing in Keighley or who has acted in the same development.
I have just appointed agents to market my basement flat in Keighley. Conveyancing solicitors are to be appointed soon, however I have just had a half-yearly maintenance charge demand – Do I pay up?
The sensible thing to do is discharge the maintenance contribution as usual as all ground rent and maintenance charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a garden flat in Keighley, conveyancing having been completed in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Keighley with an extended lease are worth £180,000. The ground rent is £65 invoiced annually. The lease expires on 21st October 2085
With just 59 years left to run we estimate the price of your lease extension to span between £20,900 and £24,200 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
How much experience do your Keighley conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Keighley conveyancing lawyers help thousands of buyers move home every year and assisted plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Keighley conveyancers have worked on recent similar cases.