My wife and I are nearing an exchange on a flat in Whitby and my mum and dad have sent the ten percent deposit to my lawyer. I am now advised that as the deposit has not arrived from me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is duty bound to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I am purchasing a right to buy a flat in Whitby. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Whitby you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Whitby.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Whitby is where the house is located. Can you shed any light on this issue?
Flying freeholds in Whitby are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Whitby you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitby may determine 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 property.
I am a sole trader intending to lease a unit on a shopping parade. Can you recommend solicitors offering fixed costs for non-domestic conveyancing in Whitby for below £2000?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Whitby, including the disposal and acquisition of businesses as well as simply premises. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right firm. Regarding the fees these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or email so as to enable us to supply you with a detailed commercial conveyancing quote.
In sourcing the world wide web for the words conveyancing in Whitby it brings up many solicitorslocally. With so much choice what is the best way to find the suitable property lawyer for me?
The preferential method of seeking the right conveyancer is via trusted referral, so enquire of colleagues and relatives who have acquired a property in Whitby or a respected estate agent or mortgage broker. Fees for conveyancing in Whitby vary, so it's a good idea to secure a minimum of four quotes from varying types of conveyancers. Dont forget to clarify what costs in the quote includes.
Having had my offer accepted I require leasehold conveyancing in Whitby. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Whitby - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1st floor flat in Whitby, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Whitby with over 90 years remaining are worth £179,000. The average or mid-range amount of ground rent is £65 levied per year. The lease runs out on 21st October 2082
With only 57 years unexpired we estimate the premium for your lease extension to range between £26,600 and £30,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.