My wife and I are approaching an exchange on a property in Carterton and my parents have sent the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my solicitor needs to make a notification to my mortgage company. 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 disclosed to the lender regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?

Your lawyer is legally required to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.

In what way does my ID and proof of funds have anything to do with my conveyancing in Carterton? Is this really warranted?

It is indeed that case that these requests have nothing to do with conveyancing in Carterton. However these days you can not complete any conveyancing process in the absence supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are providing your driving licence as proof of identification it needs to be both the paper section as well as the photo card part, one is not sufficient without the other.

Proof of the origin of funds is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer must retain this information on file. Your Carterton conveyancing lawyer will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional questions regarding the source of funds.

I have todaydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Carterton for a purchase of a leasehold apartment 9 months ago. How can I be sure that the property is not still registered in the name of the previous owner?

The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Carterton conveyancing specialists.

The estate agent has sent us the confirmation of our purchase of a new build flat in Carterton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Carterton

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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.

I opted to have a survey done on a house in Carterton ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies tend not issue a loan on a flying freehold premises.

It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Carterton. Conveyancing will be smoother if you use a solicitor in Carterton especially if they are familiar with such properties in Carterton.