I am approaching an exchange on a house in Tolworth and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The property lawyer is obliged to check with lender to make sure 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 mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am planning on selling our house in Tolworth and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Tolworth. Having lived in Tolworth for three years we know of no issue. Do we contact our local Authority to get confirmation need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to enquire of 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 health insurance to cover that same ailment)
How does conveyancing in Tolworth differ for new build properties?
Most buyers of new build property in Tolworth come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is finished. This is because builders in Tolworth typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Tolworth or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and found one close by in Tolworth I like with amenity areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Tolworth for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I am a fortnight into a residential purchase having been recommend to conveyancers by the estate agent to carry out the conveyancing in Tolworth. We are not happy. Can you help me find new lawyers?
A solicitor would need to be really poor to suggest changing them. Has your loan offer been sent? In the event that it has you must make them aware of the replacement lawyer and have the offer are re-sent. Your new conveyancer should be on the mortgage company panel to avoid supplemental expenses and delays. That should be your first question of the new lawyers. Our search tool will assist you in finding a bank approved conveyancer for your conveyancing in Tolworth