My wife and I are nearing an exchange on a flat in Wargrave and my parents have transferred the ten percent deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The lawyer is duty bound to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Can you explain why leasehold purchase conveyancing in Wargrave costs more?
The conveyancing fees on a leasehold property in Wargrave is inevitably higher when contrasted to a freehold acquisition or disposal. This is because there is an amount of additional investigations necessary in communicating with the freeholder and managing agents to collate the evidence concerning whether the rent and service fee have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.
I need some quick conveyancing in Wargrave as I am faced with a deadline to complete within one month. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to have searches carried out although no conveyancer would advise that you don't. With plenty of history conveyancing in Wargrave the following are instances of issues that can crop up and therefore impact future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
I used Action Conveyancing a few years ago for my conveyancing in Wargrave. I now require my file but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Wargrave of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey completed on a house in Wargrave ahead of appointing conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to give a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wargrave. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wargrave to see if the conveyancing will be more expensive.
What should I expect to pay for conveyancing in Wargrave?
The amount you are charged for Wargrave conveyancing costs are likely to be calculated at:
- a fixed amount; or
- on a time spent basis (i.e. the time spent on the particular case).
These days you seldom hear of Wargrave conveyancing companies invoice by the clock