My wife and I are approaching an exchange on a property in Llanon and my parents have sent the 10% deposit to my . I am now advised that as the deposit has not come from me my needs to make a notification to my bank. I am advised that, 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 advised the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The is obliged to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are looking to buy a flat and need a conveyancing solicitor in Llanon who is on the conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for . We don't recommend any particular firms conducting conveyancing in Llanon.
I am considering applying for a mortgage for purchase of a new build (under development) in Llanon with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for ?
There is nothing to stop you using your solicitor, but will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Me and my brother purchased a renovated Edwardian house in Llanon. Conveyancing lawyer represented me and . I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to assess 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 Llanon and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing lawyer who completed the work.
How can the Landlord & Tenant Act 1954 impact my business property in Llanon and how can your lawyers assist?
The 1954 Act provides protection to commercial tenants, giving them the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Llanon is one of the hundreds of areas of the UK in which our lawyers have offices