My husband and I are only a couple days away from an exchange on a flat in Otley and my mum and dad have sent the 10% deposit to my conveyancer. I am now told that as the deposit has not arrived from me my solicitor needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancer is obliged to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
How can we know in advance if a Otley conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Otley getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor carrying out your conveyancing.
We were going to get a OIP from TSB this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Otley solicitors on the TSB conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Otley solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
After months of negotiation I have agreed a price on a house in Otley. My financial adviser pressured me to appoint their lawyer. I paid an upfront payment of £175. A couple of days later, the property lawyer contacted me to say that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Various internet forums that I have come across warn that are the number one reason for delay in Otley conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Otley.
What does commercial conveyancing in Otley cover?
Otley conveyancing for business premises incorporates a wide array of guidance, given by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My father-in-law has urged me to instruct his lawyers for conveyancing in Otley. Should I use them?
No doubt the ideal way to find a conveyancing solicitor is to seek recommendations from friends or family who have actually previously instructed the solicitor that you are contemplating using.