I am nearing an exchange on a property in Crewe and my parents have transferred the 10% deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my mortgage company. 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 mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancing practitioner is duty bound to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
What is the difference between a licensed conveyancer and conveyancing solicitor in Crewe
There are many recorded licenced Conveyancers in Crewe and Solicitor partnerships in Crewe offering conveyancing We would stress that the two are regulated professionals specialising in the legal work in the home buying process. Both can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am assisting my aunt sell her flat in Crewe. Will the conveyancing solicitor arrange the energy performance certificate or it is for the owner to see to?
Following the abolition of Home Information Packs, energy assessments was maintained a compulsory component of moving house. An energy performance certificate should be commissioned in advance of the property being advertised. This is not a task that solicitors normally organise. If you are instructing a Crewe conveyancing lawyer they might be able to arrange EPC’s due to their relationships with long established local assessors
We have agreed to purchase a house in Crewe. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender RBS be concerned?
As your lender is RBS your lawyer must check the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and property lawyers are required to report to RBS where a lease fails to satisfy these requirements. The specifications relate to the installation of panels on properties nationwide and is not limited to Crewe.
Me and my brother have a semi-detached Georgian property in Crewe. Conveyancing practitioner represented me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for 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 Crewe and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing solicitor who conducted the work.
How does conveyancing in Crewe differ for new build properties?
Most buyers of new build or newly converted property in Crewe come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Crewe typically buy 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 conveyancers 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 Crewe or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and found one round the corner in Crewe I like with open areas and railway links nearby, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Crewe for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage that many years may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.