I am nearing an exchange on a property in Dunchurch and my parents have transferred the ten percent deposit to my solicitor. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to 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 lawyer is legally required to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.

Should my lawyer be making enquiries regarding flooding during the conveyancing in Dunchurch.

The risk of flooding is if increasing concern for lawyers dealing with homes in Dunchurch. There are those who purchase a house in Dunchurch, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Solicitors are not qualified to offer advice on flood risk, but there are a number of searches that can be undertaken by the buyer or by their conveyancers which should give them a better understanding of the risks in Dunchurch. The conventional set of property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the owner to find out if the property has suffered from flooding. If flooding has previously occurred which is not notified by the vendor, then a purchaser could bring a compensation claim as a result of such an misleading response. The buyer’s lawyers may also carry out an enviro search. This should disclose whether there is any known flood risk. If so, additional investigations will need to be conducted.

About to purchase a new build flat in Dunchurch. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Dunchurch

If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Dunchurch I like with a park and transport links nearby, however it only has 61 years unexpired on the lease. There is not much else in Dunchurch in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you need a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.

In surfing the web for the words cheap conveyancing in Dunchurch it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the suitable property lawyer for my move?

The best method of choosing the right conveyancer is via personal recommendation, so ask colleagues and those you trust who have bought a property in Dunchurch or the reputable estate agent or financial adviser. Fees for conveyancing in Dunchurch differ, so it's sensible to request at least four quotes from varying types of conveyancers. Make sure that you clarify that the costs are guaranteed not to escalate.