I am only a couple days away from an exchange on a house in Southend On Sea and my parents have transferred the ten percent deposit to my conveyancer. I am now told that as the deposit has not come from me my property lawyer needs to make a notification to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The conveyancing practitioner 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 resources. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My Conveyancer in Southend On Sea is not on the Barclays Direct Solicitor Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Barclays Direct approved list?
Your options are as follows:
- Carry on with your preferred Southend On Sea lawyers but Barclays Direct will need to instruct a conveyancer on their panel. This will result in additional overall legal fees and result in frustration.
- Get a new practitioner to to deal with the conveyancing, not forgetting to check they are Persuade your solicitor to use their best endeavours to join the Barclays Direct conveyancing panel
I am due to move home in November. Will my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you recommend a removal company in Southend On Sea. Conveyancing lawyer was found before I stumbled across your website.
On the afternoon of completion you can collect the house keys from the property agent however this should only be done when the sellers lawyers confirm to the agent that the monies to complete are in and the keys can be handed over. Subsequently you should tell the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you locate a residential property solicitor in Southend On Sea or a firm with expertise in conveyancing in Southend On Sea.
Are all Southend On Sea Conveyancing Quality Solicitors on the Nottingham conveyancing list of approved practices?
Some major banks and building societies now utilise CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
We had instructed solicitors with offices in Southend On Sea on the Nottingham solicitor approved list. They are now charging me a further amount for dealing with the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
Provided it is contained in their Terms of Engagement or estimate then yes your solicitor can charge a fee for this. The charge is not set by Nottingham but by your Southend On Sea property lawyer. Some firms on the Nottingham panel will levy an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
I require expedited conveyancing in Southend On Sea as I am faced with an ultimatum to exchange contracts within one month. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at liberty not to have searches carried out although no law firm would advise that you don't. With lots of history conveyancing in Southend On Sea the following are examples of what can be revealed and adversely affect future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
The estate agent has sent us the confirmation of our purchase of a new build flat in Southend On Sea. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Southend On Sea
There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.