My partner and I are nearing an exchange on a house in Saltdean and my mum and dad have sent the ten percent deposit to my lawyer. 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 bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is obliged to check 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 disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Having spent time researching mumsnet.com for an online lawyer in Saltdean, most say that I should look for a CQS accredited solicitor. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to prudent and efficient conveyancing processes through the scheme protocol It includes many companies who handle conveyancing in Saltdean.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial premises in Saltdean?
Its becoming the norm that commercial conveyancing solicitors in Saltdean will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Saltdean. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Saltdean.
For every commercial conveyancing transaction in Saltdean it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Saltdean commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Saltdean.
Me and my brother own a 4 bedroom Georgian house in Saltdean. Conveyancing solicitor represented me and Barclays . I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Saltdean and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing lawyer who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Saltdean is where the house is located. Is there any guidance you can give?
Flying freeholds in Saltdean are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Saltdean you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Saltdean may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Me and my husband are disposing of a Saltdean flat left to us ten years ago in 2012. I have over ten years conveyancing knowledge and, although retired, see no reason not to do my own legal work. The buyer's solicitor has informed me that their bank will not allow us to do our own conveyancing insisting the funds to be sent to a solicitor's bank account.
Mortgage requirements to property lawyers from all CML members state that If the vendor does not have legal representation the buyer’s lawyers should check whether the lender needs to be informed so that a decision can be made as to whether they are willing to proceed.