My partner and I are getting closer to an exchange on a flat in Battersea and my parents have transferred the ten percent deposit to my lawyer. I am now advised that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my lender. Apparently, 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 about my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
Your solicitor is obliged to check with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Are the Battersea conveyancing solicitors identified as being on the HSBC conveyancing panel, together with their details provided by HSBC?
Battersea conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
Is it the case that all Battersea conveyancing solicitors on the Lloyds conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Lloyds approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
How can we know in advance if a Battersea conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Battersea seeking recommendations is a sensible start. 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 which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your conveyancing.
I am selling my apartment. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, UBS are being difficult. The Battersea solicitor who is on the UBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but UBS are requiring a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What does a local search tell me regarding the property I am purchasing in Battersea?
Battersea conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search is essential in every Battersea conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Battersea?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Battersea. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Taking into account that I am about to part with 450k on 3 bedroom house in Battersea I would like to talk to a solicitor about myconveyancing ahead of appointing the firm. Can this be arranged?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you liaising with the lawyer due to be doing your property ownership legalities in Battersea.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter number. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Battersea should be the amount on the final invoice that you end up paying.