My partner and I are approaching an exchange on a house in Holmes Chapel and my mum and dad have transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not arrived from me my solicitor needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The property lawyer is duty bound to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We are selling our house in Holmes Chapel and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A high street Holmes Chapel conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a factory type conveyancing practice rather than a conveyancing solicitor in Holmes Chapel. We have lived in Holmes Chapel for many years we know that this is a non issue. Should we contact our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Holmes Chapel I like with open areas and railway links nearby, however it only has 49 years on the lease. There is not much else in Holmes Chapel suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
How do I use the search tool to locate a conveyancing solicitor in Holmes Chapel on the panel for my lender?
First choose a lender such as Yorkshire Building Society, Skipton Building Society or Godiva Mortgages Ltd then choose your preferred area such as Holmes Chapel. Conveyancing firms in Holmes Chapel and further afield should be shown.
Is it best to appoint a Holmes Chapel conveyancing lawyer in close proximity to the house I am purchasing? I have an old university friend who can deal with the legal work but his firm is located a couple of hundredmiles away.
The benefit of a local Holmes Chapel conveyancing practice is that you can pop in to execute paperwork, deliver your identification documents and pester them where appropriate. They will also have local insight which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and they were content that must outweigh using an unfamiliar Holmes Chapel conveyancing solicitor just because they are Holmes Chapel based.