My husband and I are approaching an exchange on a house in Wanborough and my mum and dad have transferred the exchange deposit to my conveyancer. I am now told that as the deposit has been received from someone other than me my conveyancer needs to disclose this to my mortgage company. Apparently, 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 advised the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?

The lawyer is obliged to check with the bank to make sure that they are aware 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.

Why do I have to pay up front for conveyancing in Wanborough?

If you are buying a property in Wanborough your lawyer will ask you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the total price then this should be asked for immediately ahead of contracts are exchanged. Any further balance that is due should be transferred a few days prior to the completion date.

The deeds to our home can not be found. The lawyers who conducted the conveyancing in Wanborough 4 years ago are no longer around. What are my next steps?

Nowadays there are copies made of almost everything, and your solicitor should be aware exactly where to locate all the relevant paperwork so you can purchase or sell your house without any difficulty. If duplicates can’t be found, your conveyancer can arrange cover in the form of insurance or indemnities against possible claims on your premises.

In my capacity as executor for the estate of my grandfather I am disposing of a residence in Neath but live in Wanborough. My lawyer (approximately 260 miles awayhas requested that I execute a stat dec ahead of completion. Can you recommend a conveyancing practitioner in Wanborough who can witness this legal document for me?

strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Wanborough based

In relation to leasehold conveyancing in Wanborough what are the most common lease defects?

Leasehold conveyancing in Wanborough is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:

Insurance obligations Maintenance charge proportions which don’t add up to the correct percentage

A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, The Royal Bank of Scotland, and Platform Home Loans Ltd all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the purchaser to pull out.

Wanborough Leasehold Conveyancing - Examples of Queries before Purchasing

The answer will be useful as a) areas may cause problems for the block as the common areas may begin to deteriorate where maintenance remain unpaid b) if the leasehold owners have an issue with the running of the building you will need to have all the details Does the lease include onerous restrictions? The majority of Wanborough leasehold flats will be liable to pay a service charge for the upkeep of the block set on behalf of the management company. Where you purchase the apartment you will have to meet this amount, normally periodically during the year. This may differ from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent to be met yearly, normally this is not a significant figure, say around £25-£75 but you need to check it because occasionally it could be surprisingly expensive.