We are nearing an exchange on a property in Cambridge Heath and my parents have sent the exchange deposit to my property lawyer. I am now told that as the deposit has not come from me my conveyancer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancing practitioner is duty bound to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I can see plenty of information on this site regarding conveyancing in Cambridge Heath but can you isolate your top tip for selecting the right conveyancer in Cambridge Heath
We would encourage you not to base your choice on the cheapest Cambridge Heath conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am planning to move house in July. Does my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you recommend a removal company in Cambridge Heath. Conveyancing firm was chosen prior to coming across this site.
On the afternoon of completion you can collect the house keys from your property agent but this should only be done when the sellers solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you can tell the removal company that you are ready to move in. We do not recommend a specific removal company but can help you choose a residential property solicitor in Cambridge Heath or a legal practice with expertise in conveyancing in Cambridge Heath.
The formalities of my remortgage has taken place for my property in Cambridge Heath. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
The deeds to our house can not be found. The solicitors who conducted the conveyancing in Cambridge Heath 4 years ago no longer exist. What are my next steps?
These day there are copies made of almost everything, and your lawyer will be aware precisely where to look for all the suitable documentation so you may purchase or dispose of your property without a hitch. If duplicates are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.
How does conveyancing in Cambridge Heath differ for new build properties?
Most buyers of new build premises in Cambridge Heath contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Cambridge Heath typically buy the real estate, 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 conveyancers 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 Cambridge Heath or who has acted in the same development.
What does commercial conveyancing in Cambridge Heath cover?
Commercial conveyancing in Cambridge Heath incorporates a wide array of guidance, offered by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.