I am approaching an exchange on a flat in Stapleton and my parents have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has not come from me my conveyancer needs to disclose this to my lender. Apparently, 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 lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
Your conveyancer is duty bound to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
When does exchange of contracts happen for domestic conveyancing in Stapleton and do I need to attend the lawyers branch?
Where you are round the corner to one of the conveyancing solicitors in Stapleton you are invited in to sign documents. However, the firms we work with supply countrywide coverage for conveyancing and give as equally diligent and professional a job for you when dealing with you electronically. The signing of the contract is not the important part. A signed contract simply enables the solicitor to exchange contracts at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Stapleton)to be in the office at the appropriate time.
Due to the guidance of my in-laws I had a survey completed on a property in Stapleton before retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks will not issue a loan on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Stapleton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stapleton to see if the conveyancing costs will increase in light of this.
We're novice buyers - agreed a price, yet the agent advised that the seller will only proceed if we instruct their recommended solicitors as they need a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Stapleton
We suspect that the owner is unaware of this demand. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are motivated purchasers (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you are going to use your preferred Stapleton conveyancing solicitors - rather thanthe ones that will earn their estate agent a commission or meet his conveyancing thresholds pre-set by corporate headquarters.
I have recently placed an offer on an apartment in Stapleton and the estate agent that we are dealing with recommended his conveyancer. She quoted a thousand pounds plus VAT and 3rd party costs. Does this sound reasonable?
Don't just go on 1 estimate. One should seek like-for-like quotes for your conveyancing in Stapleton. Then pick one that you are comfortable with and crucially, is on the approved panel of the bank that you have applied for a mortgage from.