My partner and I are approaching an exchange on a house in Barnet and my parents have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification 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 coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your conveyancer is legally required to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
When does exchange of contracts take place for domestic conveyancing in Barnet and do I need to attend the lawyers branch?
Where you are local to our conveyancing solicitors in Barnet you are welcome to come in to sign contracts. That being said, the law practices we work with supply countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the purchase agreement is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Barnet)to be in the office at the appropriate time.
I have todaydiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Barnet for a purchase of a leasehold flat 12 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Barnet conveyancing specialists.
Taking into account that I am about to part with £400,000 on a terraced house in Barnet I wish to talk to a conveyancer concerning thehome move ahead of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer who will be carrying out your conveyancing in Barnet.There is no ‘factory style conveyancing’ - every client is unique individual, not a file reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Barnet should be the figure that you are charged.
I need to retain a conveyancing solicitor for freehold conveyancing in Barnet. I happened to chance upon a web site which seems to have the ideal solution If it is possible to get all the legals completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?