We are only a couple days away from an exchange on a flat in Barnetby le Wold and my parents have sent the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my conveyancer needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?

The property lawyer is legally required to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.

Completed the sale of my flat in Barnetby le Wold last July but the buyer keeps calling me to moan that their solicitor is waiting to hear from myconveyancer. What should have happened following completion?

Following your house sale your lawyer should send the transfer documentation and all of the paperwork to the buyer’s lawyers. Where appropriate, your solicitor should also evidence that the home loan has been redeemed to the buyers lawyers. There are no post completion formalities unique to conveyancing in Barnetby le Wold.

The estate agent has sent us the confirmation of our purchase of a new build flat in Barnetby le Wold. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Barnetby le Wold

Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

I'm converting the mortgage on my current house to a BTL mortgage with Lloyds TSB Bank and I will use the ballance of the raised equity as a down payment on a second property. The location we are interested in is Barnetby le Wold. Will your lawyers be able to act for both sets of lenders and tie in the conveyances?

Do use our comparison tool on this page to check that the lawyers are on the appropriate lender panels. Having checked that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and make apparent your desired outcome and requirements.

What makes a Barnetby le Wold lease defective?

Leasehold conveyancing in Barnetby le Wold is not unique. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain sections are not included. The following missing provisions could result in a defective lease:

Maintenance charge proportions which don’t add up to the correct percentage

A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Leeds Building Society, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to pull out.

Barnetby le Wold Conveyancing for Leasehold Flats - Examples of Queries before Purchasing

Who are the managing agents? How many years are left on the lease? Please inform me if there are any major works in the near future that will add a premium to the service costs?