My partner and I are getting closer to an exchange on a property in Kelsall and my parents have sent the exchange deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is legally required to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My aunt passed away last year and as sole heir and executor I was left the house in Kelsall. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
I am close to exchanging contracts on the sale of our property in Kelsall and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any high street Kelsall conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a factory type conveyancing practice rather than a conveyancing solicitor in Kelsall. We have lived in Kelsall for many years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation need.
It would appear that you have a conveyancing solicitor already. What do they say? You must 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 ailment)
How does conveyancing in Kelsall differ for new build properties?
Most buyers of new build residence in Kelsall come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Kelsall typically buy the site, 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 Kelsall or who has acted in the same development.
How simple is it to use your search app to select a conveyancing practitioner in Kelsall on the panel for my mortgage?
1st select a mortgage company such as Santander, Leeds Building Society or Clydesdale then type in your location a common one being Kelsall. Conveyancing organisations in Kelsall and nationally will then be listed.