I am getting closer to an exchange on a flat in Maulden and my mum and dad have transferred the exchange deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your lawyer is duty bound to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Maulden last September but our buyer keeps whats apping every few hours complaining that their solicitor is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your sale your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s solicitors. Where appropriate, your conveyancer should also evidence that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion requirements just for conveyancing in Maulden.
I just acquired a flat at auction in Maulden. Conveyancing is needed. What happens now?
Given that you have now legally bound yourself to purchase you now have to choose a conveyancing practitioner quickly as you are facing a fast approaching deadline in which to complete the conveyancing. An auction property will have an associated legal pack. This should include evidence of title and search results. In the case of leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You need to pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in order to complete the transaction on the set completion date.
I am due to move house in May. Will my conveyancing solicitor liaise with the removal company on the day of completion. On a separate note, can you suggest a removal company in Maulden. Conveyancing lawyer was found before I stumbled across this page.
On the day of completion you will need to pick up the keys from your estate agent but this should only happen after the sellers lawyers advise the agent that the monies to complete are in and the keys can be released. Subsequently you will need to inform the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal company but can assist you in locating a residential property solicitor in Maulden or a firm with expertise in conveyancing in Maulden.
Can you help - my lawyer says that lack of building regulations insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Maulden?
The appropriate level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between Nationwide Building Society and Norwich and Peterborough Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
How does conveyancing in Maulden differ for new build properties?
Most buyers of new build premises in Maulden approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Maulden typically acquire 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 conveyancing solicitors 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 Maulden or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £195,000 and found one close by in Maulden I like with open areas and transport links in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Maulden in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I am a sole trader hoping to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering no-sale-no fees for commercial conveyancing in Maulden for below £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Maulden, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. As for the costs these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or telephone us so that we can supply you with comprehensive commercial conveyancing quote.