My husband and I are only a couple days away from an exchange on a house in Claydon and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my conveyancer needs to disclose this to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The solicitor is legally required to check with lender to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I have 71 years left on my lease and require a lease extension for my flat in Claydon. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/12/2025 the requirements read as follows :
Is it the case that all Claydon solicitor firms on the Barclays conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Barclays approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel and in that case the practice would be overseen by the Council of Licensed Conveyancers.
I currently have a mortgage with Co-operative for my property in Claydon. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Co-operative?
You must advise Co-operative before letting out your property as this is likely to be a breach of Co-operative’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. It should not be necessary to do this via a Co-operative conveyancing panel solicitor.
Bank of Ireland have agreed my mortgage in principle, my bid on a flat in Claydon has been agreed to, what happens next?
The property agent will wish to know who your solicitors are (ensure that the conveyancers are on the lender’s approved list). Telephone Bank of Ireland or the financial adviser and finalise any relevant paperwork. Bank of Ireland will instruct a valuer who will get in touch with the selling agent or seller to arrange a time for the valuation to happen. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Claydon.
Are there restrictive covenants that are commonly picked up during conveyancing in Claydon?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Claydon. 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…’
How does the Landlord & Tenant Act 1954 impact my business offices in Claydon and how can your lawyers assist?
The 1954 Act provides security of tenure to business tenants, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refuse 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 handle your commercial conveyancing in Claydon
My husband and I are 14 days into a residential purchase having been referred to a firm by the local agent to handle our conveyancing in Claydon. I am not happy. Could you you assist me in finding new lawyers?
They would have to be very poor to suggest changing them. Has the mortgage offer been generated? If so you need to advise them of the new contact details and have the offer are issued to the new lawyers. Your solicitor ideally should be on the lenders approved list to avoid supplemental costs and delays. That should be your starting point. Our search tool can assist you in finding a bank approved solicitor for your conveyancing in Claydon