My partner and I are nearing an exchange on a property in West Drayton and my mum and dad have transferred the exchange deposit to my property lawyer. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The conveyancer is duty bound to clarify 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 reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I own a freehold residence in West Drayton but nevertheless charged rent, why is this and what is this?
It is rare for properties in West Drayton and has limited impact for conveyancing in West Drayton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
There are a variety of conveyancing solicitors in West Drayton but how do I know who I should use?
Do not opt for the cheapest West Drayton conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
What is the difference between a licensed conveyancer and conveyancing solicitor in West Drayton
Two types of professional can execute conveyancing in West Drayton namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that required to complete the disposal or acquisition of property. Both are required to execute West Drayton conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that the requirements and steps should be suitably adhered to.
I am purchasing a 4 bedroom semi-detached house in West Drayton. The intention is to carry out an extension to the side at the property.Will legal work on the property include checks to determine if these alterations are prohibited?
Your solicitor should review the registered title as conveyancing in West Drayton will on occasion reveal restrictions in the title documents which restrict categories of alterations or necessitated the permission of another owner. Many additions call for local authority planning consent and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
I need some expedited conveyancing in West Drayton as I am under pressure to sign on the dotted line inside 2 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you have the choice not to have searches carried out although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in West Drayton the following are instances of issues that can be revealed and adversely affect market value: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
The estate agent has sent us the confirmation of our purchase of a new build apartment in West Drayton. Conveyancing is a frightening process 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 is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in West Drayton
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Is it simple use your search tool to find a conveyancing lawyer in West Drayton on the approved list for my bank?
Step one is to select a bank such as Lloyds TSB Bank, Bank of Scotland or Alliance & Leicester then choose your preferred area for example West Drayton. Conveyancing firms in West Drayton and beyond should be listed.