My husband and I are approaching an exchange on a property in Copthorne and my parents have sent the ten percent deposit to my property lawyer. I am now advised that as the deposit has not arrived from me my solicitor needs to disclose this 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 informed the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The conveyancer is duty bound to clarify with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to instruct a specialised conveyancing solicitor in Copthorne?
Do check but the the probability is that appoint one of their panel solicitors where you take up the "fee-free" incentive. Speak to the bank to determine if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Copthorne.
Does a directory service exist listing Coventry BS panel solicitors in Copthorne on the Building Society Association’s Website?
No. There is no such directory service on the CML or Building Society Association sites. Very few lending institutions make their panel listings open the public over the internet. If you are looking for a Copthorne conveyancer on the Coventry BS please use our facility.
My wife and I are at the point of viewing flats in Copthorne and I am now considering a potential offer. Should I already have a property lawyer appointed at this stage? I am planning to take a home loan with Co-operative.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are obtaining a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
I have paid off my mortgage with Bank of Ireland. I assume I don't need a Copthorne solicitor on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland 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 Bank of Ireland mortgage from the register. Bank of Ireland, 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 Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
The deeds to my property are lost. The conveyancers who dealt with the conveyancing in Copthorne 4 years ago have long since closed. What do I do?
Assuming you have a registered title the information relating to your proprietorship will be documented by HMLR under a Title Number. It is possible to conduct a search at the Land Registry, find your property and secure current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be retrieved for twenty pounds.
What does commercial conveyancing in Copthorne cover?
Commercial conveyancing in Copthorne covers a broad array of advice, offered by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
We're first time buyers - had an offer accepted, but the agent told us that the vendor will only proceed if we appoint their chosen solicitors as they need a ‘quick sale’. Our preferred option is to instruct a local conveyancer who is accustomed to conveyancing in Copthorne
We suspect that the owner is not behind this request. Should the seller desire ‘a quick sale', turning down a motivated purchaser is counter productive. Speak to the owners direct and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Copthorne conveyancing solicitors - not the ones that will give their estate agent a introducer fee or meet his conveyancing targets demanded by head office.