My husband and I are only a couple days away from an exchange on a property in Burbage and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my conveyancer needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your solicitor is duty bound to check with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Finally the sale completed on my house in Burbage last October yet the purchaser is SMS messaging every few hours to say her lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is duty bound to deliver the transfer documentation and all supplemental paperwork to the purchaser's lawyers. If applicable, your lawyer must also send confirmation that the mortgage has been discharged to the purchasers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Burbage.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who conducted the conveyancing in Burbage 5 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to have the physical official documentation to prove you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I am looking for a ground for flat up to £195,000 and found one round the corner in Burbage I like with a park and railway links nearby, however it only has 49 years on the lease. There is not much else in Burbage in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
In searching the web for the term on line conveyancing in Burbage it reveals numerous property lawyersin the vicinity. With so much choice what is the best way to find the right property lawyer for the sale of my house?
The preferential method of choosing the right conveyancer is via trusted testimonial, so enquire of colleagues and relatives who have bought a property in Burbage or a reputable estate agent or financial adviser. Costs for conveyancing in Burbage vary, so it's advisable to secure a minimum of four quotes from varying types of conveyancers. Make sure that you know that the charges are assured not to to be inflated.