My husband and I are getting closer to an exchange on a house in St Austell and my mum and dad have transferred the exchange deposit to my solicitor. I am now informed that as the deposit has not arrived from me my solicitor needs to disclose this to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?

The solicitor is legally required to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.

Will my conveyancing lawyers need to check that the building insurance when buying a house in St Austell. My lender is Bank of Ireland

Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/11/2024, the requirements read as follows :

I require quick conveyancing in St Austell as I am under a deadline to sign on the dotted line within 4 weeks. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?

As you are are a cash purchaser you have the choice not to do searches although no conveyancer would suggest that you don't. With lots of history conveyancing in St Austell the following are instances of what can show up and therefore impact future saleability: Enforcement Notices, Outstanding Charges, Overdue Grants, Unadopted Roads,...

Due to sign contracts shortly on a basement flat in St Austell. Conveyancing solicitors have said that they will have a report out to me on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in St Austell should include some of the following:

Ground rent - how much and when you need to pay, and be on notice if this is subject to change You should be advised what constitutes a Nuisance as far as the lease is concerned It needs to be made clear to you if the lease permits you to add or improve aspects of the flat- you should know whether it relates to all alterations or just structural alteration, and whether permission is required Does the lease prevent you from subletting the property, or working from home Your lawyers should enable you to have an understanding of the insurance obligations

I inherited a garden flat in St Austell, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in St Austell with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ceases on 21st October 2091

With only 67 years unexpired we estimate the premium for your lease extension to range between £10,500 and £12,000 plus legals.

The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

It has taken forever and a day but a loan agreement from a bank for the remortgage of my 4 bedroom maisonette is due by the end of next week. Are you able to suggest an efficient remortgage conveyancing practitioner in St Austell ?

This site is not designed to help in pursuit of a cheap conveyancing solicitors in St Austell. We can offer you excellent value conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers offering low cost conveyancing in St Austell.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for additional fee and still not get the service you were looking for.