My wife and I are only a couple days away from an exchange on a house in Twickenham Park and my mum and dad have transferred the ten percent deposit to my conveyancer. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The lawyer is legally required to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
When can the exchange of contracts happen for domestic conveyancing in Twickenham Park and do I need to be at the conveyancers office?
Where you are round the corner to our conveyancing solicitors in Twickenham Park you are welcome to attend to sign documents. However, the firms we work with supply a countrywide conveyancing service and provide just as detailed and professional a job for you when dealing with you digitally. The executing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Twickenham Park)to be in the office available at the end of the phone to exchange contracts.
Are there restrictive covenants that are commonly identified during conveyancing in Twickenham Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Twickenham Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Twickenham Park differ for newly converted properties?
Most buyers of new build premises in Twickenham Park approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because builders in Twickenham Park usually purchase 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 used to new build conveyancing in Twickenham Park or who has acted in the same development.
How can the Landlord & Tenant Act 1954 affect my business premises in Twickenham Park and how can your lawyers assist?
The particular law that you refer to affords a safeguard to business tenants, giving them the legal entitlement to apply to court for a new lease and continue in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Twickenham Park is one of our hundreds of areas of the UK in which the firms we work with are located