My wife and I are getting closer to an exchange on a flat in Crewe and my mum and dad have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender. 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 advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your property lawyer is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
A colleague advised me that if I am purchasing in Crewe I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Crewe conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Crewe around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Crewe Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Crewe Education with plans and statistics, Local Amenities and other useful information concerning Crewe.
It has been three months since my purchase conveyancing in Crewe completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey completed on a property in Crewe in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some banks tend not grant a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Crewe. Conveyancing will be smoother if you use a solicitor in Crewe especially if they are accustomed to such properties in Crewe.
What tools are available to identify a Crewe law firm on the Clydesdale conveyancing panel? I am a keen cyclist and am happy to travel upto 25miles to meet the solicitor.
Feel free to make use of the tool on this website. Please pick a mortgage company and your location and you will see a number of Crewe conveyancing lawyers based on proximity. We have detailed some Crewe conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Clydesdale panel