My wife and I are approaching an exchange on a flat in Marylebone and my parents have sent the exchange deposit to my lawyer. I am now told that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification 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 coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your conveyancing practitioner is duty bound to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
The Marylebone conveyancing firm that I appointed last week on my house acquisition in Marylebone have without warning closed. They were on acting for me because I had to have a firm on the RBS conveyancing panel and my family Marylebone lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Marylebone?
There are two types of lawyers who can conduct conveyancing in Marylebone namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the disposal or acquisition of property. Both are duty bound to conduct Marylebone conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that all requisite steps should be appropriately taken.
I am purchasing a victorian detached house in Marylebone. Our aim is to an extension at the rear at the property.Will legal due diligence on the property involve checks to determine if these alterations are allowed?
Your solicitor should check the registered title as conveyancing in Marylebone can occasionally identify restrictions in the title deeds which prevent categories of changes or require the consent of another owner. Many works call for local authority planning permissions and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
We were going to get a OIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Marylebone solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Marylebone solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
Due to the input of my in-laws I had a survey completed on a house in Marylebone in advance of appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some banks tend not issue a loan on such a house.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Marylebone. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I identify a Marylebone law firm on the Clydesdale conveyancing panel? I am a keen cyclist and am willing to travel upto 10kilometers to meet the conveyancer.
Feel free to make use of the tool on this website. Please pick a bank and your location and you will see a number of Marylebone conveyancing lawyers locally. We have listed some Marylebone conveyancing firms towards the end of this page and you can contact them to check if they are on the Clydesdale panel