My partner and I are getting closer to an exchange on a house in Hatton Park and my mum and dad have transferred the 10% deposit to my property lawyer. I am now informed that as the deposit has not come from me my conveyancer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?

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

How does conveyancing in Hatton Park differ for newly converted properties?

Most buyers of new build property in Hatton Park come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because developers in Hatton Park tend to purchase the real estate, 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 accustomed to new build conveyancing in Hatton Park or who has acted in the same development.

I am looking for a flat up to £245,000 and found one round the corner in Hatton Park I like with a park and transport links nearby, however it's only got 61 years on the lease. I can't really find anything else in Hatton Park in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?

Should you require a mortgage that many years will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.

Can you provide any top tips for leasehold conveyancing in Hatton Park from the point of view of saving time on the sale process?

• A significant proportion of the delay in leasehold conveyancing in Hatton Park can be bypassed if you appoint lawyers the minute your agents start advertising the property and ask them to collate the leasehold documentation needed by the buyers’ lawyers.
You believe that you know the number of years remaining on your lease but you should double-check via your conveyancers. A buyer’s lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is below 75 years. In the circumstances it is important at an early stage that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have carried out any alterations to the residence would they have required Landlord’s approval? In particular have you installed wooden flooring? Hatton Park leases often stipulate that internal structural alterations or installing wooden flooring require a licence from the Landlord acquiescing to such alterations. Where you dont have the paperwork in place you should not communicate with the landlord without contacting your conveyancer first. Some Hatton Park leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.

Hatton Park Leasehold Conveyancing - A selection of Queries Prior to Purchasing

What prohibitions are contained in the Hatton Park Lease? How long is the Lease? Is anyone aware of any major works in the planning that will add a premium to the maintenance fees?

We are in the process of buying a home in Hatton Park. Can our conveyancer keep our purchase price private from the likes of Zoopla. How do I make sure this is not disclosed?

The Land Registry are legally bound to disclose price sold information on the official title for residential properties nationwide which includes premises in Hatton Park. The register of ownership is an open document, so HM Land Registry would be breaking the law if they did not grant access to the register.

In essence you can ask HMLR to withhold the price paid entry yet the response would be a No.