My partner and I are only a couple days away from an exchange on a house in Peterston Super Ely and my mum and dad have transferred the ten percent deposit to my lawyer. I am now told that as the deposit has not arrived from me my conveyancing practitioner 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 coming from anyone other than me. I informed the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?

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

I have been on the look out for a ground for flat up to £195,000 and found one near me in Peterston Super Ely I like with amenity areas and station in the vicinity, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Peterston Super Ely in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you require a home loan the shortness of the lease may be a potential deal breaker. 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 a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.

In my capacity as executor for the will of my father I am selling a property in Monmouth but live in Peterston Super Ely. My conveyancer (based 250 miles awayneeds me to sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Peterston Super Ely to witness and place their company stamp on the document?

strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Peterston Super Ely based

Planning to sign contracts shortly on a basement flat in Peterston Super Ely. Conveyancing lawyers assured me that they report fully within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Peterston Super Ely should include some of the following:

The total ownership of the demise. This could be the apartment itself but might incorporate a roof space or storage are if appropriate. How long the lease is. You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years It needs to be made clear to you whether the lease allows you to add or improve anything in the flat- you must know whether it relates to all alterations or limited to structural alteration, and whether licences for alterations is required Ground rent - how much and what the invoice dates are, and also know whether this is subject to change Information concerning the obligations in the lease to pay service charges - in relation to the building, and the wider rights a tenant has

Leasehold Conveyancing in Peterston Super Ely - Sample of Questions you should consider before buying

It is important to be aware if fixing the lift or some other major work is pending to be shared amongst the tenants and may well dramatically impact the level of the service charges or result in a one off payment. It would be wise to discover if there are any onerous prohibitions in the lease. By way of example it is fairly common in Peterston Super Ely leases that pets are not permitted in in a block in Peterston Super Ely. If you love the propertyin Peterston Super Ely yet your cat can’t make the move with you then you have a very hard compromise. The answer will be useful as a) areas may cause problems for the block as the common areas may start to deteriorate if services remain unpaid b) if the leaseholders have a dispute with the running of the building you will wish to know about it

My wife and I have appointed a Peterston Super Ely conveyancing solicitor for our home move (novice purchasers) and have picked up in the engagement letter that they are not overseen by the Financial Conduct Authority. Am I right to be worried or is that the norm with conveyancing practitioner?

We can't see why they should be. Most conveyancer don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who set stringent obligations in relation to amounts held by them.