My wife and I are only a couple days away from an exchange on a flat in Ashton in Makerfield and my mum and dad have transferred the 10% deposit to my solicitor. I am now informed that as the deposit has not arrived from me my property lawyer needs to make a notification to my bank. I am advised that, in also acting for the bank 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 appropriate for him to raise this?
Your conveyancing practitioner is legally required to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Are there restrictive covenants that are commonly identified during conveyancing in Ashton in Makerfield?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ashton in Makerfield. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
The estate agent has sent us the confirmation of our purchase of a new build apartment in Ashton in Makerfield. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Ashton in Makerfield
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared.
We're FTB’s - agreed a price, but the agent informed us that the seller will only issue a contract if we use the agent's recommended solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Ashton in Makerfield
It is unlikely the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is going to damage their objectives. Speak to the owners direct and make sure they comprehend that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your preferred Ashton in Makerfield conveyancing firm - as opposed tothe ones that will earn the negotiator at the agency a commission or meet his conveyancing thresholds demanded by HQ.
Developers have recommended to me a solicitor and I've obtained a quote from them. It's almost £250 less expensive than my local Ashton in Makerfield conveyancer. What's the catch?
Developers normally have lists of conveyancers who expedite matters and who know the seller’s documentation and solicitor. Plenty of developers offer an incentive to choose their approved property lawyer for this reason, any increased fees can be avoided and a developer will not recommend a conveyancing factory and run the risk of having the conveyancing stall when they want exchange within a tight time frame. The argument for not agreeing to use the recommended property lawyer is that they may prove reluctant to 'push' your interests for fear of upsetting the developer. If you worry that this may be the case you should stick with your local Ashton in Makerfield conveyancer.