I am approaching an exchange on a property in Wythenshawe and my mum and dad have sent the exchange deposit to my conveyancer. I am now told that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the lender regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The solicitor is legally required to check with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Wythenshawe. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/5/2022, the requirements read as follows :
I have todaybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Wythenshawe for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wythenshawe conveyancing specialists.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Wythenshawe I like with a park and railway links in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Wythenshawe suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I'm converting the mortgage on my current property to a BTL loan with Bank of Scotland and I will use the rest of the raised equity as a down payment on a second property. The neighborhood we are looking at is Wythenshawe. Will your lawyers be able to act for both sets of lenders and link together the two deals?
Make use of our search tool on this page to be sure that the lawyers are on the relevant lender panels. Having checked that they are your conveyancer should be able to tie up the two conveyancing matters but you should talk with you conveyancer and make clear your expectations and requirements.
Been searching for a conveyancing practitioner for freehold sale conveyancing in Wythenshawe. I'm selling, uncomplicated no mortgage to discharge, no rush, no onward chain. Got a quote from a lawyer for a thousand pounds plus VAT which is a little expensive given that its so straightforward. Can I pay less for conveyancing in Wythenshawe?
Given that it’s a sale only, £425 + VAT should be about the cheapest for sale conveyancing in Wythenshawe.