I am nearing an exchange on a property in Boxmoor and my mum and dad have sent the ten percent deposit to my conveyancer. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than 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 be an issue?
The conveyancing practitioner is obliged to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We are due to move home in November. Does my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Boxmoor. Conveyancing lawyer was organised prior to coming across your website.
On the afternoon of completion you will need to pick up the keys from the estate agent but this can only be done once the previous owners solicitors inform the agent that the monies to complete are in and the keys can be handed over. After that you can tell the removal men that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you locate a residential property solicitor in Boxmoor or a legal practice that specialises in conveyancing in Boxmoor.
My husband and I have arranged a further advance on our home loan from TSB as we wish to conduct alterations to our home in Boxmoor. Do we need to appoint a local Boxmoor solicitor on the TSB conveyancing panel to deal with the paperwork?
TSB would not normally instruct firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB conveyancing panel.
Principality have agreed my mortgage in principle, my bid on a flat in Boxmoor has been accepted, now what?
The property agent will need to know who your solicitors are (ensure that the lawyers are on the bank’s approved list). Telephone Principality or your broker and finalise any outstanding paperwork. Principality will instruct a valuer who will get in touch with the selling agent or vendor to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Principality will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Boxmoor.
I used Action Conveyancing several years past for my conveyancing in Boxmoor. I now require my file but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Boxmoor of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've found a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have just found out that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Boxmoor. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Boxmoor ?
The majority of houses in Boxmoor are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Boxmoor in which case you should be shopping around for a Boxmoor conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’spermission to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your solicitor should advise you fully on all the issues.
I invested in buying a 1st floor flat in Boxmoor, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Equivalent flats in Boxmoor with a long lease are worth £222,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2095
With only 70 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
What type of property do your Boxmoor conveyancing estimates relate to?
The quotes provided are only relevant to standard domestic homes in England & Wales. Where you have any different needs for example industrial or agricultural property or commercial conveyancing in Boxmoor you should telephone us to consider this further .