My wife and I are only a couple days away from an exchange on a property in Yateley and my mum and dad have sent the 10% deposit to my conveyancer. I am now advised that as the deposit has been sent from someone other than me my conveyancer needs to disclose this 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 bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The lawyer is obliged to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We're in Yateley, First time buyers purchasing with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
A colleague suggested that where I am purchasing in Yateley I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Yateley conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Yateley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Yateley Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Yateley.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Yateley and how can your lawyers assist?
The particular law that you refer to provides security of tenure to commercial leaseholders, giving them the a statutory right to make a request to court for a new tenancy and remain in occupation when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Yateley
My father has urged me to instruct his conveyancers in Yateley. Should I use them?
Much as we are happy to recommend a Yateley conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to seek recommendations from friends or relatives who have actually used the conveyancer you're considering.