We are getting closer to an exchange on a property in Maidenhead and my parents have transferred the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has not arrived from me my solicitor needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is obliged to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Can you explain why leasehold purchase conveyancing in Maidenhead is more expensive?
Maidenhead leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Me and my brother purchased a terraced Edwardian property in Maidenhead. Conveyancing solicitor represented me and Alliance & Leicester . I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maidenhead and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing lawyer who conducted the conveyancing.
How difficult is it to swap conveyancer as I have to find one who is on the Skipton Building Society conveyancing list. I was using a local conveyancing solicitor in Maidenhead round the corner but he is not approved by Skipton Building Society
We will our best to assist in finding you a conveyancing solicitor in Maidenhead on the Skipton Building Society panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Maidenhead. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Maidenhead.
What is the average legal costs for conveyancing in Maidenhead?
The average cost in 2014 for conveyancing in Maidenhead was £1,419 excluding SDLT and HMLR fees.