My husband and I are getting closer to an exchange on a flat in Woburn and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not arrived from me my conveyancer needs to make a notification to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
The property lawyer is duty bound to clarify with mortgage company to make sure that they are aware 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.
I acquired my apartment on 11 August and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Woburn said it should be recorded inside ten days. Are titles in Woburn uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Woburn registration formalities. Rather than based on location, timescales can vary according to who lodges the application, whether it is in order and if the Land registry need to notify any 3rd parties. As of today in the region of three quarters of submission are fully addressed within two weeks but occasionally there can be extensive delays. Registration occurs once the buyer has moved in to the property so an expedited registration is not always top priority yet if there is a degree of urgency associated with the registration then you or your conveyancer must speak with the land registry and explain the circumstances.
We're FTB’s - had an offer accepted, yet the agent advised that the seller will only proceed if we instruct their chosen conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Woburn
It is improbable the sellers are driving this. Should the vendor want ‘a quick sale', taking such a hostile approach to a serious buyer is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make the point that (a)you are serious buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Woburn conveyancing firm - rather thanthose that will give their estate agent a introducer fee or meet his conveyancing targets set by senior management.
My wife and I purchased a leasehold flat in Woburn. Conveyancing and Chelsea Building Society mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Woburn who acted for me is not around. What should I do?
The first thing you should do is make enquiries of HMLR to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Woburn conveyancing practitioner to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Woburn - A selection of Queries before Purchasing
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Generally speaking the outlay for major works tend not to be included within service charges, albeit that there some managing agents in Woburn obliged leaseholders to pay into a reserve fund created for the specific purpose of establishing a fund for larger repairs or maintenance. Who is in charge of the building? This question is helpful as a) areas could cause problems in the building as the common areas may begin to deteriorate where services are not paid for b) if the leaseholders have an issue with the running of the building you will need to have full disclosure
I am due to review estimates for conveyancing in Woburn from three conveyancing practitioner and appoint one. Am I right to instruct them to hold tight until I have found somewhere to acquire.
You should only get your lawyer to open a file and order searches after the offer has been agreed to on the property particularly as Woburn conveyancing searches are costly.