I am approaching an exchange on a flat in Millwall and my mum and dad have sent the ten percent deposit to my conveyancer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my bank. I am advised that, in also acting for the mortgage company 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 be an issue?
Your conveyancer is duty bound 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 report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We are purchasing a property and need a conveyancing solicitor in Millwall who is on the Yorkshire BS solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Millwall.
There is lots of here concerning conveyancing in Millwall but what is your top tip for appointing the right conveyancer in Millwall
It would be unwise to be tempted by the cheapest Millwall conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Completion of my remortgage has taken place for my property in Millwall. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
About to purchase maisonette in Millwall. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Millwall lawyer is on the UBS conveyancing panel.
I understand that there are debates on Chancel Insurance on online forums. Do I need this when acquiring a house in Millwall? or I am told that there is an ancient law that could mean that homeowners living in a parish church boundary will be compelled to pay for maintenance to the chancel in proximity to the church. Is this suitable for conveyancing in Millwall?
Unless a previous acquisition of the property took place after 12 October 2013 you may assume that solicitors conducting conveyancing in Millwall to continue to propose a a chancel search and or chancel repair liability policy.
About to purchase a new build apartment in Millwall. 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 legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Millwall
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.
We are in the middle of buying a property in Millwall. Conveyancing solicitor has phoned to say the title is "Leasehold". Should this adversely affect our mortgage valuation?
Millwall conveyancing does not in most situations involve leasehold houses. The crucial consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's essentially freehold, so it’s unlikely to impact the marketability too much.
At the other end of the spectrum, if it's, say, Sixty years it is bound to have a material effect on the value, and most likely wouldn't be acceptable to the lender. The remaining lease term and ground rent will be set out in the lease provided to your property lawyer.