My partner and I are approaching an exchange on a property in County Durham and my mum and dad have transferred the 10% deposit to my conveyancer. I am now told that as the deposit has not arrived from me my property lawyer needs to make a notification to my lender. I am advised that, 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 lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your property lawyer is duty bound to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when acquiring a residence in County Durham? or I am told that there is a law dating back centuries that could mean that house owners residing in a parish church boundary may be liable to contribute towards repairs to the chancel within the church. Is this a legitimate concern for conveyancing in County Durham?
Unless a previous acquisition of the property took place after 12 October 2013 you could take it that conveyancing practitioners conducting conveyancing in County Durham to continue to recommend a chancel search and or chancel repair liability insurance.
I used Stirling Law a few years ago for my conveyancing in County Durham. I now require my file but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in County Durham of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £235,500 and found one close by in County Durham I like with amenity areas and railway links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in County Durham in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
How straightforward is it to use your search app to get a costs illustration from a conveyancing lawyer in County Durham on the panel for my lender?
First choose a bank such as Lloyds TSB Bank, Leeds Building Society or Aldermore then choose your preferred area e.g. County Durham. Conveyancing organisations in County Durham and nationally will then be shown.
Been reading online that County Durham solicitors are more expensive than licensed conveyancers in County Durham to use when purchasing a property. So is it better if I use a conveyancer or a solicitor if I am buying for my home move in County Durham.
When it comes to conveyancing in County Durham the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.