My husband and I are only a couple days away from an exchange on a property in Golders Green and my parents have transferred the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The solicitor is legally required to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Are the Golders Green conveyancing solicitors identified as being on the Coventry BS conveyancing panel, together with their details provided by Coventry BS?
Golders Green conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
What will a local search tell me regarding the house my wife and I purchasing in Golders Green?
Golders Green conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as PSG The local search plays an important role in many a Golders Green conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I purchased my apartment on 2 June and the transaction details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Golders Green advises it would be formalised in a couple of weeks. Are titles in Golders Green uniquely lengthy to register?
As far as conveyancing in Golders Green is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary according to the party submitting the application, whether there are errors and whether the Land registry have to notify any other persons or bodies. Currently approximately 80% of submission are fully addressed in less than three weeks but some can be subject to extensive delays. Historically registration takes place once the new owner has moved in to the premises so 'speed' is not typically top priority but where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build apartment in Golders Green. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Golders Green
The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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.