My fiance and I are hoping to buy a home in Buckinghamshire and have instructed a Buckinghamshire conveyancing practice. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Clydesdale have this morning contacted us to advise us that they have now hit a problem as our Buckinghamshire lawyer is not on their approved list of lawyers. What do we do from here?
When purchasing a property with the benefit of a mortgage it is usual for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Buckinghamshire solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
My wife and I are approaching an exchange on a house in Buckinghamshire and my mum and dad have transferred the exchange deposit to my property lawyer. I am now informed that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. 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 lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
Your conveyancing practitioner is obliged to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am purchasing a property and need a conveyancing solicitor in Buckinghamshire who is on the Chelsea Building Society solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as Buckinghamshire. We dont recommend any particular firm.
In what way can the Landlord & Tenant Act 1954 affect my commercial premises in Buckinghamshire and how can your lawyers assist?
The 1954 Act affords a safeguard to commercial lessees, granting the right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Buckinghamshire
I am using a search engine for the phrase cheap conveyancing in Buckinghamshire it shows results of numerous conveyancerslocally. With so much choice what is the best way to find the right conveyancer for me?
The ideal way of finding a suitable conveyancer is via personal recommendation, so enquire of colleagues and relatives who have purchased a property in Buckinghamshire or the local estate agent or mortgage broker. Costs for conveyancing in Buckinghamshire vary, so it's a good idea to secure a minimum of four fee calculations from different property lawyers. Dont forget to clarify that the costs are assured not to rise.
I am purchasing a flat mortgage free. I have provided lawyer with 2 separate forms of photo ID, bank statement, endless utility bills. Now he needs a copy from a probate lawyer stating that the money is legitimate and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Buckinghamshire conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.