We are only a couple days away from an exchange on a flat in Bradford and my mum and dad have transferred the exchange deposit to my solicitor. I am now advised that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my bank. I am advised that, in also acting for the lender he must advise 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 home loan, so is it really appropriate for this now to delay the deal?
The lawyer is obliged to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I am about to put an offer on a leasehold apartment in Bradford. The selling agents say that it is usual for flats in Bradford to have less than 75 years left on the lease. I am expecting a mortgage with Platform. Will the property be mortgageable given that the lease has 69 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 28/4/2024 the requirements read as follows :
What does a local search tell me concerning the house I am purchasing in Bradford?
Bradford conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search is essential in every Bradford conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I have todaybeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Bradford for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest method to check if the property is in your name, you can carry out 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 Bradford conveyancing specialists.
My mother completed her conveyancing in Bradford 9 years ago. She has got married, divorced and has recently remarried. She now wants to dispose of the Bradford property. I think she will simply be asked to provide a copy of her marriage certificates to the lawyer however she is anxious it could frustrate the conveyancing. Is it worth updating the Land Registry documents for the house?
The is no need to update the title for the property providing you have the evidence required to demonstrate how the change of name resulted.
The purchaser’s conveyancer will review the title information and requisition evidence to establish the name change for example marriage certificates.