My partner and I are nearing an exchange on a house in Selsey and my parents have transferred the ten percent deposit to my property lawyer. I am now told that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the lender regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The property lawyer is duty bound to check with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Selsey last December but my buyer keeps e-mailing me to say their solicitor needs to hear from mine. What should my lawyer have done following completion?
After completion of your disposal your conveyancer should forward the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer should also send confirmation that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion requirements just for conveyancing in Selsey.
Me and my brother own a semi-detached Edwardian house in Selsey. Conveyancing solicitor acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Selsey and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
Just had an offer accepted on a new build apartment in Selsey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Selsey
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. 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.
I'm refinancing my primary property to a BTL mortgage with Godiva Mortgages Ltd and I will use the ballance of the raised equity towards a second house. The location we are looking at is Selsey. Will your solicitors be able to act for both sets of lenders and tie in the two deals?
Do use our comparison tool on this site to ensure that the conveyancers are approved by both banks. On the basis that they are your lawyer will be able to connect the two deals but you should have a chat with you lawyer and make clear your expectations and needs.