My wife and I are getting closer to an exchange on a house in Easton and my parents have sent the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my property lawyer needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must advise 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 him to raise this?
The lawyer is legally required to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Easton last February yet the purchaser is calling me to moan that his conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your house sale your conveyancer is obliged to forward the transfer deeds and all of the paperwork to the purchaser's conveyancer. If applicable, your lawyer must also evidence that the mortgage has been repaid to the purchasers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Easton.
How does conveyancing in Easton differ for newly converted properties?
Most buyers of new build or newly converted property in Easton approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Easton usually purchase the site, 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 accustomed to new build conveyancing in Easton or who has acted in the same development.
How difficult is it to transfer to a new firm as I have to find a firm on the TSB conveyancing panel. I instructed a local conveyancing solicitor in Easton five minutes from me but he is not approved by TSB
It would be our pleasure to help you select a conveyancing solicitor in Easton on the TSB panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Easton. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Easton.
Much to my surprise my solicitor in Easton has requested from me proof of ID documents stating that this is part of his legal duty as a conveyancer on the lender Solicitor panel. Can this be correct?
Anti-terror and anti-money-laundering rules require Easton conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements