My wife and I are only a couple days away from an exchange on a flat in Bamburgh and my parents have sent the 10% deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my bank. Apparently, 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 disclosed to the lender about 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 check with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Having sold my house in Bamburgh last May but the buyer keeps Skype messaging daily to say her conveyancer is waiting to hear from mine. What should my lawyer have done following completion?
After completion of your house sale your conveyancer should deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. If applicable, your solicitor should also send confirmation that the home loan has been redeemed to the buyers lawyers. There are no post completion formalities specific conveyancing in Bamburgh.
My lawyer in Bamburgh has never been on on the Chelsea Building Society Solicitor Panel. Is it possible for me to retain my prefered solicitor even though they are excluded from the Chelsea Building Society panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your preferred Bamburgh solicitors but Chelsea Building Society will need to use a solicitor on their list of acceptable firms. This will result in additional overall legal charges as well as result in frustration.
- Find an alternative practitioner to act in the conveyancing, not forgetting to check they are Convince your lawyer to do everything within their powers to join the Chelsea Building Society conveyancing panel
Just bought a terraced house in Bamburgh , how long will it take for the Land Registry to record the transfer to my name? My Bamburgh conveyancing solicitor has been very slow, so I want to check that my name is registered.
There is nothing unique when it comes to conveyancing in Bamburgh registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether there are errors and if the Land registry communicate with any other parties. At present roughly 80% of such applications are fully dealt with within two weeks but some can be subject to longer delays. Historically registration occurs after the purchaser is living at the premises therefore 'speed' is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
I'm remortgaging my primary property to a BTL loan with Chelsea Building Society and I will use the rest of the raised equity as a down payment on further property. The area we are interested in is Bamburgh. Will your conveyancers be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this page to ensure that the solicitors are approved by both banks. On the basis that they are your solicitor should be able to simultaneously deal with the two transactions but you should talk with you lawyer and specify your desired outcome and requirements.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.