My partner and I are nearing an exchange on a house in West Dean and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancing practitioner is legally required 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 report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
What is the difference between a licensed conveyancer and conveyancing solicitor in West Dean
Two types of professional can carry out conveyancing in West Dean namely licenced conveyancers or solicitors. The two can handle the legal services that required to complete the sale or acquisition of property. Both are obliged to carry out West Dean conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that all necessary procedures should be appropriately taken.
I am assisting my mother sell her house in West Dean. Does the solicitor order an energy performance certificate or it is for the seller to coordinate?
After the demise of HIPs, energy performance certificates was maintained a compulsory element of moving property. An energy assessment needs to be commissioned prior to the property being advertised. This is not as aspect of the sale process that law firms ordinarily arrange. Where you are using a West Dean conveyancing solicitor they may be willing to arrange EPC’s given their relationships with reputable West Dean assessors
is it true that all West Dean conveyancing solicitors on the RBS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the RBS approved list of solicitors they would need to be overseen by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such organisation would be governed by the CLC.
The deeds to my house are lost. The solicitors who conducted the conveyancing in West Dean 5 years ago no longer exist. What are my next steps?
As long as you have a registered title the details of your ownership will be recorded by HMLR with a Title Number. It is possible to execute a search at the Land Registry, locate your house and get up to date copies of the Registered Entries for less than a fiver. If the title is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
I am looking for a flat up to £305k and identified one round the corner in West Dean I like with open areas and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in West Dean suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
Given that I am about to part with 450k on a two bedroom apartment in West Dean I wish to have a conversation with the solicitor about myhouse move in advance of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor due to be carrying out your property ownership legalities in West Dean.There is no ‘factory style conveyancing’ - every client is an important individual, not a case reference. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in West Dean should be the amount on the final invoice that you are charged.