We are only a couple days away from an exchange on a house in Milnthorpe and my mum and dad have sent the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
The property lawyer is obliged to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
It is 10 years ago since I bought my home in Milnthorpe. Conveyancing solicitors have now been appointed on the sale but I can't track down my title documents. Is this a problem?
Don’t worry too much. First the deeds may be retained by your mortgage company or they may stored with the solicitor who acted in your purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in Milnthorpe involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is resolvable.
I moved into my apartment on 11 October and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Milnthorpe advises it will be dealt with inside ten days. Are transfers in Milnthorpe uniquely lengthy to register?
As far as conveyancing in Milnthorpe is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether there are errors and if the Land registry have to notify any interested parties. At present approximately 80% of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Registration occurs after the purchaser is living at the property thus 'speed' is not usually primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
I'm refinancing my current house to a buy to let loan with Halifax and intend to use the remaining equity towards further property. The location we are talking about is Milnthorpe. Will your lawyers be able to act for the two mortgage companies and tie in the two deals?
Do use our comparison tool on this page to check that the solicitors are on the relevant lender panels. Assuming that they are the lawyer will be able to tie up the two transactions but you should talk with you solicitor and make clear your desired outcome and needs.
I need to instruct a conveyancing solicitor for some conveyancing in Milnthorpe. I've stumble upon a web site which looks to be the perfect answer If it is possible to get all this stuff completed via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
The property lawyers handling our conveyancing in Milnthorpe has forwarded papers to review that state the property is unregistered with epitome documents. Is it not the case that all houses in Milnthorpe are registered?
Whilst most properties in Milnthorpe are now registered with HMLR there are still some that remain unregistered. Any property in Milnthorpe that has been transferred since the late 1980’s will have been registered at the HM Land Registry under the compulsory ‘first registration’ scheme. However, if a Milnthorpe property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Milnthorpe conveyancing solicitors should be familiar with such matters but in the event that uncertainty reigns the conventional advice these days is for the current owners to deal with the registration formalities first and subsequently sell - this undoubtedly cause a significant delay.