I am only a couple days away from an exchange on a property in Chipping Sodbury and my mum and dad have transferred the exchange deposit to my lawyer. I am now informed that as the deposit has been sent from someone other than me my conveyancer needs to disclose this to my bank. 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 informed the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
Your conveyancing practitioner is duty bound to check with the bank to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
The deeds to our home can not be found. The solicitors who conducted the conveyancing in Chipping Sodbury 10 years ago have long since closed. What are my next steps?
Nowadays there are copies made of almost everything, and your conveyancer will know precisely where to locate all the relevant paperwork so you can purchase or dispose of your property without a hitch. Where duplicates can’t be located, your solicitor may be able to arrange cover in the form of insurance or indemnities against future claims on your property.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chipping Sodbury. Conveyancing is necessary evil 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 conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Chipping Sodbury
Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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.
Due to the input of my in-laws I had a survey completed on a property in Chipping Sodbury ahead of retaining lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you contact us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chipping Sodbury. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Chipping Sodbury and I am already nervous. I couldn't find anything specific about Chipping Sodbury. Conveyancing will be needed in due course but do you know about the Chipping Sodbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chipping Sodbury. In the meantime here are some basic statistics that we found