My wife and I are nearing an exchange on a flat in Addlestone and my parents have sent the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has not arrived from me my conveyancing practitioner needs to disclose this to my lender. I am advised that, in also acting for the bank 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 mortgage, so is it really appropriate for him to raise this?
Your solicitor is obliged to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We are looking to buy a flat and require a conveyancing solicitor in Addlestone who is on the Skipton approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Addlestone.
Should my conveyancer be raising questions about flooding during the conveyancing in Addlestone.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Addlestone. Some people will acquire a property in Addlestone, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, but there are a number of checks that can be carried out by the buyer or by their lawyers which can figure out the risks in Addlestone. The standard completed inquiry forms supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to determine if the property has suffered from flooding. In the event that the property has been flooded in past and is not revealed by the vendor, then a purchaser may issue a claim for damages as a result of such an misleading answer. The buyer’s lawyers should also order an enviro search. This will indicate if there is any known flood risk. If so, further inquiries should be made.
I used Wolstenholmes several years past for my conveyancing in Addlestone. Now, I need my documents but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Addlestone of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing my first flat in Addlestone benefiting from help to buy. The developers refused to budge the amount so I negotiated 6k of extras instead. The estate agent advised me not to tell my solicitor about the extras as it may affect my loan with Barclays Direct. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a property in Addlestone ahead of appointing solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies will not give a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Addlestone. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Addlestone to see if the conveyancing will be more expensive.