My wife and I are approaching an exchange on a property in Harrow Weald and my mum and dad have transferred the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has not arrived from me my conveyancer needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your property lawyer is legally required to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We are planning to acquire a house and require a conveyancing solicitor in Harrow Weald who is on the Nottingham approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Harrow Weald.
My property lawyer in Harrow Weald is not listed on the Barclays Approved Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Barclays panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Harrow Weald solicitors but Barclays will need to instruct a solicitor on their list of acceptable firms. This will result in additional overall conveyancing fees and cause delays.
- Find a new practitioner to act in the conveyancing, obviously checking they are on the Barclays panel
Me and my partner are buying a house in Harrow Weald. It might be a silly question but how we can trust a lawyer? On completion day we have to put our life savings into their account. What is the protection we have from them run away with our money?
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.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Harrow Weald?
There are many registered licenced Conveyancers in Harrow Weald and Solicitor firms in Harrow Weald to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. They may both also deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Can you help - my lawyer advises that defective lease insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Harrow Weald?
The right level of defective lease indemnity insurance should be dictated by who your lender. It would differ for example between Santander and Leeds Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.
I am purchasing a property and the solicitor has referenced Chancel Repair to which the property may be liable as it falls into the area of such a church. He has suggested insurance. Is this really required for conveyancing in Harrow Weald
Unless a previous acquisition of the house completed post 12 October 2013 you can take it that conveyancing practitioners carrying out conveyancing in Harrow Weald to continue to recommend a chancel search and or insurance against a claim.