I am nearing an exchange on a house in Monkseaton and my parents have transferred the ten percent deposit to my lawyer. I am now informed that as the deposit has not arrived from me my conveyancer needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?

Your conveyancing practitioner is duty bound to check with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.

Having sold my house in Monkseaton last February but my buyer keeps Skype messaging every few hours to moan that their conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?

After completion of your house sale your lawyer should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. Where appropriate, your conveyancer must also evidence that the mortgage has been discharged to the purchasers lawyers. There are no post completion formalities peculiar conveyancing in Monkseaton.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Monkseaton?

Two types of professional can conduct conveyancing in Monkseaton namely CLC regulated conveyancers or solicitors. The two can administer the legal services that required to complete the disposal or acquisition of property. They are both obliged to conduct Monkseaton conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be properly carried out and that all necessary procedures should be accurately attended to.

I am expecting a DIP from RBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Monkseaton solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Monkseaton solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.

I have finally had an offer on a maisonette in Monkseaton agreed to, the owners do however have an associated purchase. The sellers have placed an offer on on an apartment, however it’s not been accepted yet, and have viewings of other apartments booked. I have chosen a bricks and mortar conveyancing solicitor in Monkseaton. What do I do now? At what stage do I apply for the mortgage with Clydesdale?

It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of one thousand pounds, then survey, Monkseaton conveyancing search charges, etc). First, you should ensure that your property lawyer is on the Clydesdale conveyancing panel. As to the next steps this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. During a hot market some buyers would apply for the mortgage with Clydesdale and arrange for the valuation and only if it comes back ok would they request their conveyancing practitioner to press on with searches.

Should I instruct a Monkseaton conveyancing practitioner who is local to the property I am purchasing? I have an old university friend who can conduct the legal formalities but her office is 300kilometers drive away.

The benefit of a high street Monkseaton conveyancing practice is that you can attend the office to sign documents, deliver your identification documents and pester them if necessary. Having local Monkseaton know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and they were happy that should surpass using an unknown Monkseaton conveyancing solicitor solely due to them being Monkseaton based.

I am due to consider estimates for conveyancing in Monkseaton from various conveyancer and decide on one. Am I right to instruct them to hold tight until I have found somewhere to purchase.

You should wait to get your lawyer to commence work and apply for searches once the sales memorandum has been sent by the estate agent especially as Monkseaton conveyancing searches are costly.