My partner and I are nearing an exchange on a house in Openshaw and my mum and dad have sent the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancer is obliged to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Finally the sale completed on my house in Openshaw last October but my buyer keeps SMS messaging every few hours to moan that her solicitor is waiting to hear from mine. What should have happened following completion?
Following your house sale your solicitor is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer should also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers lawyers. There is unlikely to be post completion tasks unique to conveyancing in Openshaw.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Nottingham Solicitor panel ahead of completing my conveyancing in Openshaw?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Is it possible to transfer to a new solicitor as I need to choose one who is on the Norwich and Peterborough Building Society conveyancing list. I was using a family conveyancing solicitor in Openshaw round the corner but she is not accepted by Norwich and Peterborough Building Society
It would be our pleasure to help you find a conveyancing solicitor in Openshaw on the Norwich and Peterborough Building Society panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Openshaw. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Openshaw.
I need to find a conveyancing solicitor for sale conveyancing in Openshaw. I've discover a site which looks to be the ideal solution If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be wary? What should out be looking out for?
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?