My wife and I are nearing an exchange on a flat in Berkshire and my mum and dad have transferred the exchange deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancing practitioner is obliged to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I have todaybecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in Berkshire for a purchase of a freehold house 18 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The easiest method 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 Berkshire conveyancing specialists.
How does conveyancing in Berkshire differ for new build properties?
Most buyers of new build residence in Berkshire approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Berkshire tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Berkshire or who has acted in the same development.
I need to instruct a conveyancing solicitor in Berkshire for my house move. Is there any facility to see a firm’s record with the legal regulator?
Anyone can read presented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.
I have finally had an offer on an maisonette in Berkshire agreed to, but there is a chain. The sellers have offered on a flat, but it’s not been accepted yet, and are looking at other flats booked. I have chosen a nearby conveyancing lawyer in Berkshire. What do I do now? When should I get the mortgage application with Nottingham started with Nottingham?
It is standard to have anxieties where there is an associated chain given your reluctance to be too out of pocket too early (home loan application is in the region of £1k, then survey, Berkshire conveyancing search costs, etc). The first thing to do is ensure that your lawyer is on the Nottingham conveyancing panel. Concerning the subsequent steps this very much depends on the specifics of your case, desire for this property and on the state of the market. In a rising market the majority of buyers will apply for the mortgage with Nottingham and arrange for the survey and only if it was satisfactory would they request their conveyancing practitioner to press on with the conveyancing in Berkshire.