My husband and I are nearing an exchange on a house in Isle Of Anglesey and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now advised that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is obliged to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My wife and I have recently appointed a conveyancing solicitor in Isle Of Anglesey. I I am struggling to find out if they are on the HSBC Bank conveyancing panel. Can you advise?
You should call the solicitor and ask them if they are on the lender panel. Alternatively please get in touch with HSBC Bank who may be able to help.
I used Action Conveyancing several years ago for my conveyancing in Isle Of Anglesey. I now require my file but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Isle Of Anglesey of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey done on a house in Isle Of Anglesey in advance of retaining conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies may refuse to give a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Isle Of Anglesey. Conveyancing may be slightly more expensive based on your lender's requirements.
I am 14 days into a residential purchase having been directed to solicitors by the high street agent to carry out the conveyancing in Isle Of Anglesey. I am not happy. Could you you assist me in finding new lawyers?
A solicitor would need to be really poor in order to consider changing them. Has the mortgage been issued? If so you need to make them aware of the new contact details and ensure the loan are re-sent. Your solicitor ideally should be on the mortgage company panel to avoid supplemental fees and delays. So that should be your starting point. Our find a solicitor tool should assist you in finding a bank approved solicitor for your conveyancing in Isle Of Anglesey