I am only a couple days away from an exchange on a flat in Coniston and my mum and dad have sent the exchange deposit to my lawyer. I am now informed that as the deposit has not arrived from me my lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The lawyer is legally required to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My uncle passed away six months ago and as sole heir and executor I was left the house in Coniston. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
Given you intend to refinance then Co-operative will insist on your using a conveyancer on the Co-operative conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Co-operative conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Co-operative mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Coniston is where the house is located. What do you suggest?
Flying freeholds in Coniston are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Coniston 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 Coniston may decide 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 property.
I am downsizing from my house. My previous lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Coniston if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Coniston. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
My husband and I are 14 days into a residential purchase having been directed to conveyancers by the local agent to perform conveyancing in Coniston. I am am very dissatisfied with the quality of service. Can you you assist me in finding new conveyancers?
They would need to be very bad in order to consider replacing them. Has the mortgage offer been issued? In the event that it has you will need to advise them of the new contact details and ensure the mortgage documents are re-issued. Your new conveyancer needs to be on the lenders approved list to avoid added costs and complications. That should be your first question of the new solicitors. Our search tool should help you find a bank approved conveyancer for your conveyancing in Coniston