My wife and I are nearing an exchange on a house in Clayhall and my parents have transferred the ten percent deposit to my lawyer. I am now informed that as the deposit has not arrived from me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
Your conveyancer is legally required to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I require expedited conveyancing in Clayhall as I am faced with an ultimatum to sign on the dotted line within one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you have the choice not to have searches conducted although no solicitor would suggest that you don't. With plenty of history conveyancing in Clayhall the following are instances of what can show up and adversely affect future mortgageability: Enforcement Notices, Overdue Charges, Outstanding Grants, Unadopted Roads,...
The deeds to our home are lost. The solicitors who dealt with the conveyancing in Clayhall 10 years ago are no longer around. Will I be able to sell the house?
You no longer need to hold title official documentation to establish that you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Clayhall is where the house is located. What do you suggest?
Flying freeholds in Clayhall are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Clayhall you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Clayhall 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.
We're FTB’s - agreed a price, but the selling agent told us that the seller will only go ahead if we appoint their recommended conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a local solicitor accustomed to conveyancing in Clayhall
We suspect that the seller is not behind this demand. If they want ‘a quick sale', turning down a serious buyer is going to damage their objectives. Try to communicate with the vendors directly and explain that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you wish to move quickly (e)but you intend to appoint your preferred Clayhall conveyancing firm - rather thanthose that will give their estate agent a kickback or meet his conveyancing thresholds pre-set by HQ.