My partner and I are nearing an exchange on a flat in Lower Morden and my parents have sent the exchange deposit to my solicitor. I am now told that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The property lawyer is duty bound to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I need some expedited conveyancing in Lower Morden as I am faced with pressure to exchange contracts within 4 weeks. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not getting a mortgage you are at liberty not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Lower Morden the following are instances of what can show up and adversely affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
I'm purchasing my first flat in Lower Morden with a loan from The Royal Bank of Scotland. The sellers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not disclose to my conveyancer about the deal as it will adversely affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it possible to transfer to a new solicitor as I have to appoint a firm on the The Mortgage Works conveyancing list. I instructed a local conveyancing solicitor in Lower Morden round the corner but he is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Lower Morden on the The Mortgage Works panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Lower Morden. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Lower Morden.
Should I go with a Lower Morden conveyancing solicitor based in the vicinity that I am buying? I have an old university friend who can execute the legal formalities however they are based 300miles drive away.
The benefit of a high street Lower Morden conveyancing practice is that you can visit the firm to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local insight which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and they were impressed that should trump using an unknown Lower Morden conveyancing solicitor just because they are based in the area.
I am intending to rent out my leasehold apartment in Lower Morden. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Notwithstanding that your last Lower Morden conveyancing lawyer is not around you can review your lease to see if it allows you to sublet the property. The rule is that if the lease is silent, subletting is permitted. Quite often there is a prerequisite that you need to seek permission from your landlord or some other party before subletting. This means you not allowed to sublet without prior consent. The consent is not allowed to be unreasonably turned down. If the lease prohibits you from letting out the property you will need to ask your landlord for their consent.
We have reached the end of our tether in trying to reach an agreement for a lease extension in Lower Morden. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a Lower Morden conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Lower Morden premises is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The unexpired lease term was 60.43 years.