My wife and I are approaching an exchange on a flat in Long Eaton and my mum and dad have transferred the exchange deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The solicitor is duty bound to check with lender to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
My mortgage company has suggested a law firm on their panel based in Long Eaton but I would rather use a conveyancing lawyer in Long Eaton round the corner to me. Can you assist?
Not all Long Eaton conveyancing practices are listed all banks conveyancing panel. Do make use of the above find an approved solicitor tool to locate a Long Eaton conveyancing conveyancer on the on the lender panel.
We are close to exchanging contracts on the sale of our house in Long Eaton and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any high street Long Eaton conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Long Eaton. We have lived in Long Eaton for six years we know of no issue. Should we contact our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing firm 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 health insurance to cover that same ailment)
four months have gone by following my purchase conveyancing in Long Eaton concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Long Eaton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Long Eaton
-
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I am looking for a conveyancing solicitor in Long Eaton for my purchase. Is it possible to see a firm’s record with the legal regulator?
You can find presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.