I am nearing an exchange on a property in Romiley and my parents have transferred the ten percent deposit to my conveyancer. I am now told that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is obliged to check with the bank to make sure that they know 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 agree, failing which, your lawyer must cease to continue acting.
My aunt advised me that in purchasing a property in Romiley there may be various restrictions affecting the ability to carry out external changes to a property. Is this right?
There are a number of properties in Romiley which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Romiley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Two weeks ago we had a mortgage agreed in principle with HSBC. Romiley conveyancing solicitors were appointed. What is the average time that one could expect to receive a mortgage offer from HSBC?
There is no definitive answer here. Have HSBC conducted the survey? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The formalities of my remortgage has taken place for my property in Romiley. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I have been on the look out for a leasehold apartment up to £195,000 and found one near me in Romiley I like with amenity areas and railway links nearby, the downside is that it's only got 61 years on the lease. I can't really find anything else in Romiley in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage that many years may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
How can the Landlord & Tenant Act 1954 impact my commercial property in Romiley and how can your lawyers assist?
The 1954 Act affords security of tenure to commercial leaseholders, granting the a statutory right to apply to court for a renewal tenancy and continue in occupation at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Romiley
I need to appoint a conveyancing solicitor for purchase conveyancing in Romiley. I have land on a site which appears to be the perfect offering If there is a chance to get all formalities done via email that would be ideal. Do I need to be wary? What should out be looking out for?
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?
Me and my husband have just had an offer accepted on our 1st home in Romiley, and are about to get solicitors lined up. I have utilised the different comparison tools and the results are from all over the England and Wales. Is it advisable to have a Romiley property lawyer local to your potential property? We are happy to do all the communicating over the internet, but I guess at some point we may be required to visit the property lawyer's office to sign papers?
The lawyer does not have to be in Romiley, but choosing local means that you have the option to go in if needed, by way of example, if a signature is needed urgently. In addition, a Romiley solicitor have established relationships with local agents and (if the vendor has instructed a local conveyancer) with them, which should help smooth the process.