My husband and I are nearing an exchange on a flat in East Molesey and my mum and dad have sent the exchange deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancer needs to disclose this to my lender. I am advised that, 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 mortgage, so is it really necessary for this now to hold matters up?
Your solicitor is legally required to clarify with the bank 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 agree, failing which, your lawyer must cease to continue acting.
My lawyer in East Molesey is not on the Yorkshire Building Society Solicitor Panel. Can I still continue with my family solicitor even though they are not on the Yorkshire Building Society list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred East Molesey lawyers but Yorkshire Building Society will need to retain a lawyer on their panel. This will result in additional total legal fees as well as cause delays.
- Find an alternative lawyer to act in the purchase, not forgetting to check they are Persuade your solicitor to do everything within their powers to join the Yorkshire Building Society conveyancing panel
four months have gone by following my purchase conveyancing in East Molesey took place. I have checked the Land Registry website 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 asset 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.
About to purchase a new build apartment in East Molesey. 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.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in East Molesey
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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. Please confirm the Lease plans are architect prepared. 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. 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. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
We're first time buyers - had an offer accepted, yet the property agent advised that the vendor will only move forward if we appoint their preferred lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in East Molesey
It is improbable the vendors are driving this. Should the vendor desire ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you will continue to use your preferred East Molesey conveyancing lawyers - not the ones that will provide the estate agent a introducer fee or achieve conveyancing targets demanded by corporate headquarters.