My partner and I are nearing an exchange on a property in Eastcote and my parents have sent the exchange deposit to my solicitor. I am now informed that as the deposit has not arrived from me my solicitor needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is obliged to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am planning to acquire a property and need a conveyancing solicitor in Eastcote who is on the Alliance & Leicester conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Eastcote. We dont recommend any particular firm.
I require expedited conveyancing in Eastcote as I am under a deadline to complete within 2 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at liberty not to do searches although no lawyer would recommend that you don't. With lots of history conveyancing in Eastcote the following are instances of issues that can arise and adversely affect the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
About to purchase a new build apartment in Eastcote. Conveyancing is a frightening process 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 are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Eastcote
There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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 supply a car parking plan. 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.
How do I search for a Eastcote law firm on the Clydesdale conveyancing panel? I have wheels and am prepared to travel upto 10kilometers to meet the lawyer.
You can use the facility on this website. Please pick a mortgage company and your location and you will see a number of Eastcote conveyancing lawyers based on proximity. We have detailed some Eastcote conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Clydesdale panel