My partner and I are only a couple days away from an exchange on a flat in Barlaston and Tittensor and my parents have sent the exchange deposit to my lawyer. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my bank. 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 concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is duty bound to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
What is the first thing I need to know about purchase conveyancing in Barlaston and Tittensor?
You may not hear this from too many lawyers but conveyancing in Barlaston and Tittensor or throughout Staffordshire is an adversarial process. Put another way, when it comes to conveyancing there is lots of room for confrontation between you and others involved in the transaction. E.g., the seller, property agent and even potentially the lender. Selecting a lawyer for your conveyancing in Barlaston and Tittensor is a critical decision as your conveyancer is your adviser, and is the ONLY party in the process whose responsibility is to look after your legal interests and to keep you safe.
There is a worrying creep of a "blame" culture- someone must be blamed for the process taking so long. We recommend that you must always trust your solicitor above all other parties in the home moving process.
Will our solicitor be raising enquiries concerning flooding during the conveyancing in Barlaston and Tittensor.
The risk of flooding is if increasing concern for conveyancers conducting conveyancing in Barlaston and Tittensor. There are those who acquire a property in Barlaston and Tittensor, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to give advice on flood risk, however there are a number of searches that may be undertaken by the buyer or by their solicitors which can give them a better appreciation of the risks in Barlaston and Tittensor. The standard property information forms sent to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to discover if the property has historically flooded. If flooding has previously occurred which is not notified by the vendor, then a buyer could issue a claim for damages as a result of such an incorrect response. A buyer’s solicitors should also conduct an environmental search. This should disclose whether there is any known flood risk. If so, more detailed investigations should be made.
Is it possible to transfer to a new firm as I have to choose a firm on the Godiva Mortgages Ltd conveyancing list. I had appointed a local conveyancing solicitor in Barlaston and Tittensor round the corner but the firm is not accepted by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Barlaston and Tittensor on the Godiva Mortgages Ltd panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Barlaston and Tittensor. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Barlaston and Tittensor.
I am using a search engine for the phrase conveyancing in Barlaston and Tittensor it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The best method of choosing a suitable conveyancer is via trusted recommendation, so seek the guidance of friends and those you trust who have purchased a property in Barlaston and Tittensor or a reputable estate agent or financial adviser. Fees for conveyancing in Barlaston and Tittensor differ, so it's sensible to obtain at least three quotes from different law firms. Dont forget to clarify that the fees are fixed.