We are nearing an exchange on a property in Nannerch and my parents have sent the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
Your solicitor is duty bound to check with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Nannerch. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/10/2025, the requirements read as follows :
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Nannerch I like with a park and transport links nearby, however it only has 61 years unexpired on the lease. There is not much else in Nannerch for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
Am I right to be concerned that brokers that I am dealing with are suggesting a national conveyancing firm rather than a local Nannerch conveyancing company?
As with lots of service providers, often recommendations from relatives can be very helpful. Nevertheless there are numerous people with a vested interest in a conveyancing deal; estate agents, financial adviser and banks may suggest solicitors to choose. On occasion the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there is an underlying financial incentive behind the endorsement. You are free to appoint your own conveyancer. You need to be aware that most lenders specify a panel list of law firms you have to use for the mortgage aspect of your conveyancing.
I need to find a conveyancing solicitor for sale conveyancing in Nannerch. I happened to land on a web site which seems to have the ideal offering If there is a chance to get all formalities completed via email that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?