My partner and I are getting closer to an exchange on a house in Waltham and my mum and dad have sent the 10% deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my conveyancer needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your solicitor is legally required to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I require fast conveyancing in Waltham as I am faced with pressure to sign on the dotted line in less than one month. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to do searches although no law firm would advise that you don't. With lots of history conveyancing in Waltham the following are instances of what can crop up and adversely impact future saleability: Enforcement Actions, Overdue Fees, Outstanding Grants, Railway Schemes,...
About to purchase a new build apartment in Waltham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Waltham
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are architect prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Should I be concerned that estate agents that I am dealing with are suggesting a web based conveyancing firm as opposed to a High Street Waltham conveyancing company?
As is the case with lots of service providers, often suggestions from connections can be worth their weight in gold. But there are many players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies may put forward lawyers to use. On occasion the lawyers might be known to one of the organisations as one of the best in their field, but occasionally there may be a financial incentive behind the recommendation. You are at liberty to select your preferred lawyer. However, bear in mind that some banks operate an approved list of conveyancers you have to use for the lender related work in your home move.
In surfing the world wide web for the words cheap conveyancing in Waltham it brings up numerous conveyancerslocally. With so much choice what is the best way to find the right solicitor for the sale of my house?
The best method of seeking the right conveyancer is through a personal testimonial, so seek the counsel of friends and those you trust who have bought a property in Waltham or a reputable estate agent or mortgage broker. Charges for conveyancing in Waltham differ, so it's a good idea to obtain a minimum of four quotes from varying types of solicitors. Be sure to seek confirmation that the fees are fixed.
My wife and I have chosen a Waltham conveyancing solicitor for our house purchase (novice purchasers) and have spotted in the engagement letter that they are not overseen by the Financial Conduct Authority. Should I be worried or is that usually the case with conveyancer?
We can't see why they should be. Most lawyer don't lend money. They will be governed by the SRA, who set stringent obligations covering funds deposited in their bank.