My wife and I are only a couple days away from an exchange on a house in Camberwell and my mum and dad have sent the ten percent deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. 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 advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your property lawyer is obliged to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Do lawyers request money on account for my conveyancing in Camberwell?
If you are buying a property in Camberwell your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the sale price then this should be required shortly prior to exchange of contracts. The closing balance that is due will be payable a couple of days prior to the day of completion.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Camberwell. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then Nottingham will require that you use a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
I have todayfound out that Stirling Law have been shut down. They conducted my conveyancing in Camberwell for a purchase of a freehold house 18 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The quickest way to check if the property is registered to you, 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 Camberwell conveyancing specialists.
I need to instruct a conveyancing solicitor for some conveyancing in Camberwell. I've chance upon a site which looks to be the perfect offering If there is a chance 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?