My partner and I are getting closer to an exchange on a house in Long Melford and my mum and dad have sent the exchange deposit to my property lawyer. I am now advised that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The conveyancer is legally required to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I need some expedited conveyancing in Long Melford as I have a deadline to complete in less than one month. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you have the choice not to have searches carried out although no lawyer would recommend that you don't. With plenty of history conveyancing in Long Melford the following are instances of what can show up and therefore affect market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I decided to have a survey completed on a house in Long Melford before appointing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may not give a loan on this type of house.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Long Melford. Conveyancing may be slightly more expensive based on your lender's requirements.
In what way can the Landlord & Tenant Act 1954 impact my business property in Long Melford and how can your lawyers assist?
The 1954 Act affords security of tenure to commercial tenants, giving them the right to make a request to court for a renewal tenancy and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Long Melford is one of the numerous locations in which the firms we work with are based
I purchased a flat in Long Melford last 24/7/2024 and to date it is still not recorded with HM Land Registry. It was part of a new estate and my lawyer told me that it can take over a year to complete the registration formalities. I have contacted HMLR directly and they say that the initial application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your solicitor that you really need to contact in order to satisfy any questions which have arisen as part of the registration process for your Long Melford property. Normal Long Melford conveyancing practice includes an undertaking on the part of the vendor’s conveyancer that they will assist in resolving any registration raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.