My husband and I are nearing an exchange on a property in Abertillery and my mum and dad have sent the exchange deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this 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 mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
Your property lawyer is legally required to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My Solicitor in Abertillery is not on the Accord Mortgages Ltd Conveyancing Panel. Can I still continue with my family solicitor even though they are excluded from the Accord Mortgages Ltd panel?
Your options are as follows:
- Carry on with your existing Abertillery lawyers but Accord Mortgages Ltd will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the total conveyancing fees and cause frustration.
- Get an alternative solicitor to act in the conveyancing, obviously checking they are Convince your conveyancer to do everything within their powers to join the Accord Mortgages Ltd conveyancing panel
Just acquired a terraced house in Abertillery , What is the estimated time for the Land Registry to deal with the formalities evidencing my proprietorship? My Abertillery conveyancing solicitor has been painfully slow, so I want to be certain the land registry aspects are dealt with.
There is nothing unique when it comes to conveyancing in Abertillery registration formalities. Rather than based on location, timescales can adjust subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any interested parties. As of today in the region of 80% of submission are completed within 12 days but some can be subject to longer delays. Registration is effected once the new owner has moved in to the property thus post completion formalities is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
How does the Landlord & Tenant Act 1954 affect my business offices in Abertillery and how can your lawyers assist?
The 1954 Act provides protection to business tenants, giving them the right to apply to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Abertillery
Can I establish who is the owner of a property in Abertillery?
As long as the property is registered with the Land Registry, and you have enough information of the address of the property, you will be able to view details from the HMLR of the recorded owner for a fee.