My husband and I are only a couple days away from an exchange on a property in Holme On Spalding Moor and my parents have sent the exchange deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
Your conveyancer is obliged to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I am downsizing from our property in Holme On Spalding Moor and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Holme On Spalding Moor conveyancer would know this is not the case. It does beg the question why the buyers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Holme On Spalding Moor. We have lived in Holme On Spalding Moor for three years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. 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 life insurance to cover that same sickness)
Just acquired a semi-detached house in Holme On Spalding Moor , how long should it take for the Land Registry to record my ownership? My Holme On Spalding Moor conveyancing solicitor works at snail pace, so I want to be sure that my purchase is registered.
As far as conveyancing in Holme On Spalding Moor is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can differ according to who lodges the application, whether there are errors and if the Land registry need to notify any interested persons or bodies. As of today roughly 80% of such applications are fully addressed in less than three weeks but some can be subject to protracted delays. Registration occurs after the buyer is living at the premises so post completion formalities is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
I decided to have a survey carried out on a house in Holme On Spalding Moor prior to appointing solicitors. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks will not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Holme On Spalding Moor. Conveyancing may be slightly more expensive based on your lender's requirements.
Why do I have to provide my lawyer with various items of identification ahead of starting selling or buying a property in Holme On Spalding Moor?
Holme On Spalding Moor conveyancers are duty bound by the Law Society, Solicitors Regulation Authority, the Land Registry and current Money Laundering Regulations to certify that the have checked the identity of their clients. It will also be a requirement of your bank where you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, NI number and date of birth.