I am approaching an exchange on a house in Portslade and my mum and dad have sent the 10% deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification 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 regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your property lawyer is legally required to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am buying a flat and need a conveyancing solicitor in Portslade who is on the Chelsea Building Society solicitor. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as Portslade. We dont recommend any particular firm.
My friend suggested that if I am purchasing in Portslade I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Portslade conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Portslade around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Portslade Education with plans and statistics, Local Amenities and other useful data about Portslade.
I have justfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Portslade for a purchase of a leasehold apartment 10 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Portslade conveyancing specialists.
Jane (my partner) and I may need to rent out our Portslade ground floor flat temporarily due to taking a sabbatical. We used a Portslade conveyancing practice in 2002 but they have since shut and we did not think at the time seek any advice as to whether the lease allows us to sublet. How do we find out?
The lease governs relations between the landlord and you the flat owner; in particular, it will say if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Portslade do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
Leasehold Conveyancing in Portslade - A selection of Queries Prior to Purchasing
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Is there a share of the freehold? Make sure you find out if there are any onerous prohibitions in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Portslade. If you like the apartmentin Portslade yet your dog is not allowed to make the move with you then you will be presented with a hard determination. Best to be warned if changing the roof or some other major work is due in the near future to be shared by the leasehold owners and will materially impact the level of the service charges or require a specific invoice.
What is the difference between surveying and conveyancing in Portslade?
Conveyancing - in Portslade or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the buying price down or asking the vendor to remedy the problems before you move in.