I am only a couple days away from an exchange on a house in Osterley Park and my mum and dad have sent the 10% deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from 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 delay the deal?
The property lawyer is obliged to check with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
It is a dozen years since I purchased my house in Osterley Park. Conveyancing lawyers have just been appointed on the sale but I am unable to locate my title documents. Is this a major issue?
You need not be too concerned. Firstly there is a possibility that the deeds will be retained by the mortgage company or they may be in the possession of the lawyers who handled the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Osterley Park relates to registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
Have purchased a a semi-detached house in Osterley Park , What is the estimated time for the Land Registry to register the transfer to my name? My Osterley Park conveyancing solicitor works at snail pace, so I want to be sure the land registry aspects are dealt with.
As far as conveyancing in Osterley Park is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether there are errors and whether the Land registry have to notify any 3rd parties. Currently roughly 80% of such applications are fully addressed in less than three weeks but occasionally there can be longer delays. Registration takes place after the buyer is living at the premises therefore 'speed' is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
Just had an offer accepted on a new build apartment in Osterley Park. Conveyancing is a frightening process 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 are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Osterley Park
Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are surveyor prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
What tools are available to search for a Osterley Park law firm on the Birmingham Midshires conveyancing panel? I have a car and am willing to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the tool on this page. Please select a bank and your location and you will see a number of Osterley Park conveyancing lawyers locally. We have detailed some Osterley Park conveyancing firms towards the end of this page and you can call them to check if they are on the Birmingham Midshires panel
There are plenty of houses in Osterley Park on private lanes. We are purchasing such a house. What would be the advantages and disadvantages of buying a residence on a private road?
Osterley Park conveyancing practices are well versed in conveyancing houseson private. Your property lawyer should review the title to find any rights or responsibilities. It is possible that there is a residents association that proprietors make annual payments to maintain the road. Where one exists, the road should be maintained and appear better than council owned.