I am nearing an exchange on a flat in Barnoldswick and my mum and dad have transferred the exchange deposit to my lawyer. I am now told that as the deposit has not come from me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your conveyancing practitioner is duty bound to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Me and my partner are purchasing a apartment in Barnoldswick. I might seem paranoid but how we can trust a conveyancer? At some point we have to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My bid for a property was accepted at auction in Barnoldswick. Conveyancing is required. What are my next steps?
Given that you are now for in every practical sense signed on the dotted line you will need to find a conveyancing lawyer soon as you will have a tight a drop dead date to complete the purchase. Every auction property will ordinarily have an associated legal pack. This will likely include evidence of title and search results. In the case of leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
My wife and I have arranged the release of further funds on our home loan from RBS as we intend to conduct renovations to our property in Barnoldswick. Are we obliged to choose a nearby Barnoldswick solicitor on the RBS conveyancing panel to deal with the paperwork?
RBS don't usually instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS panel.
I require fast conveyancing in Barnoldswick as I am faced with pressure to exchange contracts within one month. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash buyer you are at free not to have searches conducted although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Barnoldswick the following are instances of what can appear and adversely impact market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
Me and my brother have a 4 bedroom Victorian house in Barnoldswick. Conveyancing lawyer acted for me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barnoldswick and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing lawyer who carried out the work.
What do I do if I am not happy with the conveyancing practitioner who did our conveyancing in Barnoldswick?
We live in an imperfect world, and unfortunately every so often matters do not go as planned. Nevertheless there is recourse if you were not happy with your conveyancing in Barnoldswick. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If you remain unhappy you may consider enlisting the help of the Legal Ombudsman.