My partner and I are approaching an exchange on a flat in Flamborough and my parents have transferred the exchange deposit to my lawyer. I am now advised that as the deposit has not come from me my property lawyer needs to make a notification to my lender. 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 informed the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your conveyancing practitioner is legally required to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
At what point will exchange of contracts happen for residential conveyancing in Flamborough and am I required to attend the lawyers branch?
Where you are near to one of the conveyancing solicitors in Flamborough you are welcome to come in to sign the paperwork. However, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Flamborough)to be in the office available at the end of the phone to exchange contracts.
We are planning on selling our home in Flamborough and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Flamborough conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Flamborough. We have lived in Flamborough for three years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking for a flat up to £195,000 and identified one near me in Flamborough I like with open areas and transport links nearby, the downside is that it's only got 52 years on the lease. There is not much else in Flamborough suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
In my capacity as executor for the will of my aunt I am selling a residence in Swansea but reside in Flamborough. My solicitor (who is 235 kilometers from merequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing solicitor in Flamborough to attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are based in Flamborough