My wife and I are getting closer to an exchange on a flat in Cheddleton and my parents have transferred the exchange deposit to my lawyer. I am now told that as the deposit has not come from me my solicitor needs to make a notification to my lender. I am advised that, 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 about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your 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 funds. Your solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are buying a house in Cheddleton. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
There are numerous conveyancing solicitors in Cheddleton but how do I know who I should use?
It would be unwise to be swayed by the cheapest Cheddleton conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Forgive me if this question is silly but I am wet behind the ears as FTB of a garden flat in Cheddleton. Do I pick up the keys to the house on the completion date from my conveyancer? If so, I will appoint a High Street conveyancing solicitor in Cheddleton?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's solicitors, and once they have received this, you will be called to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
I am purchasing a property and the solicitor has identified Chancel Repair for which the house could be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this really necessary for conveyancing in Cheddleton
Unless a previous purchase of the premises completed after 12 October 2013 you may expect conveyancing practitioners conducting conveyancing in Cheddleton to continue to recommend a chancel search and or chancel repair liability insurance.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Cheddleton is where the house is located. Is there any advice you can impart?
Flying freeholds in Cheddleton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cheddleton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cheddleton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How does the Landlord & Tenant Act 1954 impact my business offices in Cheddleton and how can you help?
The 1954 Act gives a safeguard to commercial leaseholders, granting the right to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Cheddleton