My wife and I are approaching an exchange on a flat in Clitheroe and my mum and dad have sent the ten percent deposit to my lawyer. I am now informed that as the deposit has not arrived from me my lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender about my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your conveyancer is duty bound to check with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Do all mortgage companies provide you with an approved list of Clitheroe conveyancing solicitors? How do you know who is on the Aldermore conveyancing panel?
Clitheroe conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
We are buying a house in Clitheroe. I might seem paranoid but how we can trust a lawyer? At some point we will need to deposit funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am planning to move property in September. Will my conveyancing solicitor update the removal company on the completion day. Incidentally, can you recommend a removal company in Clitheroe. Conveyancing lawyer was chosen before I stumbled across your website.
On the day of completion you will need to pick up the keys from your selling agent but this should only happen once the previous owners lawyers inform the agent that the monies to complete are in and the keys can be passed over. You can tell the removal men that they can start moving you in. As a matter of policy we do not suggest a particular removal organisation but can help you locate a residential property solicitor in Clitheroe or a solicitor with expertise in conveyancing in Clitheroe.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Clitheroe solicitor on the Coventry BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Clitheroe is the location of the property. Can you shed any light on this issue?
Flying freeholds in Clitheroe are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Clitheroe you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Clitheroe may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing practitioner in Clitheroe for my home move. Can I see a solicitor's record with the legal regulator?
Anyone can read presented Solicitor Regulator Association (SRA) determinations arising from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training requirements.
We are midway through buying a residence in Clitheroe. Conveyancing lawyer has called to say the title is "Leasehold". Does this make a difference on our Santander valuation?
Clitheroe conveyancing does not in most situations involve leasehold houses. The main factor here is the unexpired lease term and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's almost the same as freehold, so it’s unlikely to impact the saleability significantly.
At the other extreme, if it's, say, 50 years it will have a material impact on the value, and probably wouldn't be mortgageable. The length of lease and ground rent will be specified in the lease which should be made available to your solicitor.