My husband and I are only a couple days away from an exchange on a flat in Great Baddow and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my conveyancer needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must advise 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 him to raise this?
Your solicitor is duty bound to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Should my solicitor be making enquiries about flooding during the conveyancing in Great Baddow.
The risk of flooding is if increasing concern for solicitors dealing with homes in Great Baddow. Plenty of people will acquire a house in Great Baddow, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, however there are a number of checks that may be undertaken by the purchaser or by their lawyers which will give them a better appreciation of the risks in Great Baddow. The standard completed inquiry forms supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the vendor to determine if the premises has ever been flooded. If the residence has been flooded in past which is not notified by the seller, then a buyer could issue a legal claim for losses stemming from an misleading response. The buyer’s conveyancers may also order an environmental search. This will reveal if there is any known flood risk. If so, further investigations should be initiated.
How does conveyancing in Great Baddow differ for newly converted properties?
Most buyers of new build property in Great Baddow approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Great Baddow tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Great Baddow or who has acted in the same development.
I need to find a conveyancing solicitor for freehold conveyancing in Great Baddow. I happened to discover a web site which looks to be the perfect offering If it is possible to get all formalities completed via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Should one as executor remove a deceased person's name from the title register for a property in Great Baddow?
Where a Great Baddow property is jointly owned and one of the proprietors dies, their name will not automatically be removed from the title deeds. You are not required to remove their name as in the event of a sale your lawyer would simply be required to supply proof as to the reason the co proprietor is not a party to the transfer, such as the probate documents.
With the aim of making things smoother in the future you can arrange to have the deceased person removed from the title register by applying to HMLR with evidence of the death. There is no fee from the Registry for this service.