We are getting closer to an exchange on a flat in Chew Magna and my mum and dad have sent the 10% deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my solicitor needs to make a notification to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
The lawyer is duty bound to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Chew Magna last February yet the purchaser is telephoning every few hours complaining that his lawyer is waiting to hear from mylawyer. What are the post completion sale formalities now that I have sold?
Post completion of your house sale your conveyancer is duty bound to forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your lawyer should also confirm that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There is unlikely to be post completion procedures specific conveyancing in Chew Magna.
Various internet forums that I have visited warn that are a common reason for delay in Chew Magna house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Chew Magna.
I have recentlybeen informed that Arc property Solicitors have closed. They carried out my conveyancing in Chew Magna for a purchase of a freehold house 10 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chew Magna conveyancing specialists.
Am I right to be suspicious by third parties that I am dealing with are suggesting an online conveyancing firm as opposed to a local Chew Magna conveyancing company?
As is the case with lots of service providers, often input from relatives can be extremely useful or valuable. But there are many parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and banks may recommend conveyancers to choose. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but sometimes there exists a financial incentive behind the recommendation. You are free to select your preferred lawyer. However, bear in mind that some mortgage providers operate an approved list of conveyancers you are obliged to use for the mortgage aspect of your home move.
I am buying a ground floor apartment in Chew Magna. Conveyancing solicitor has been awaiting, from the seller, building insurance schedule. I was told today I was informed that the seller must forward the insurance schedule for the flat above also. Why does my solicitor need to see the insurance for the other flat? Is it strictly required? We have been in hold for the previous fortnight…
It is not unheard of in leasehold conveyancing in Chew Magna to discover Conveyancing in Chew Magna in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the freeholder insuring the whole property - which is clearly preferable. You should check with your conveyancer but it would appear that your property lawyer is attempting to verify that the whole building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated due to lack of insurance cover.