I was advised yesterday by my mortgage adviser that my Lower Morden solicitor is not on the mortgage company Solicitor panel. How can I be sure that this is correct?
You need to call your Lower Morden conveyancer. You lawyer should inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
I am nearing an exchange on a flat in Lower Morden and my mum and dad have sent the ten percent deposit to my solicitor. I am now advised that as the deposit has not arrived from me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancer is obliged to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Me and my brother purchased a semi-detached Edwardian house in Lower Morden. Conveyancing practitioner represented me and Bank of Ireland. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lower Morden and other locations in 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 enquire as to the situation with your conveyancing solicitor who completed the work.
Over the last few months I have been searching for a flat up to £305k and identified one near me in Lower Morden I like with amenity areas and station in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Lower Morden suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Discount the price 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 ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
How simple is it to switch solicitor as I need to choose one who is on the Nottingham Building Society conveyancing list. I instructed a local conveyancing solicitor in Lower Morden five minutes from me but he is not approved by Nottingham Building Society
We will our best to assist in finding you a conveyancing solicitor in Lower Morden on the Nottingham Building Society panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Lower Morden. Using search facility on this website, you can contrast fees for conveyancing solicitors in Lower Morden and throughout England and Wales.