My wife and I are getting closer to an exchange on a property in Truro and my mum and dad have transferred the 10% deposit to my lawyer. I am now told that as the deposit has not arrived from me my property lawyer needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your conveyancing practitioner is legally required to check with the bank to ensure 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 permit them to, failing which, your lawyer must cease to continue acting.
My wife and I have recently appointed a conveyancing solicitor in Truro. I I am struggling to find out whether they are on the Bank of Scotland approved list of lawyers. Can you advise?
You should phone your lawyer and ask them if they can act for the lender. Alternatively you should get in touch with Bank of Scotland who may be able to help.
I am buying a new build flat in Truro. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Truro
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants.
I opted to have a survey carried out on a property in Truro in advance of appointing conveyancers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks tend not grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Truro. Conveyancing will be smoother if you use a solicitor in Truro especially if they are accustomed to such properties in Truro.
I am using a search engine for the term conveyancing in Truro it shows results of numerous property lawyersin the area. How do I determine which is the suitable solicitor for purchase transaction?
The ideal way of seeking a suitable conveyancer is via trusted recommendation, so ask colleagues and family who have purchased a property in Truro or a reputable estate agent or mortgage broker. Costs for conveyancing in Truro differ, so it's advisable to secure a minimum of four fee calculations from varying types of law firms. Be sure to obtain confirmation that the charges are assured not to rise.
Are you able to confirm the spectrum of conveyancing supplied by Truro conveyancing solicitors?
The majority of Truro conveyancing companies tend to supply a number of services to home and land proprietors, vendors, buyers, landlords and tenants helping outwith some of the following:
House sale conveyancing in Truro or nationally
Property purchase conveyancing in Truro and nationwide
Probate conveyancing and court of protection Truro conveyancing for repossessed property Leasehold enfranchisement (advice to both landlords and tenants) Shared equity purchase (part buying and part renting)