My husband and I are only a couple days away from an exchange on a flat in Eye and my mum and dad have sent the exchange deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my lawyer needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your property lawyer is legally required to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
As someone clueless as to the Eye conveyancing process what is your top tip you can impart for the home moving process in Eye
You may not hear this from too many lawyers but conveyancing in Eye and elsewhere in Suffolk is often a confrontational process. Put another way, when it comes to conveyancing there exists lots of room for confrontation between you and other parties involved in the legal transfer of property. For instance, the vendor, selling agent and sometimes a lender. Appointing a solicitor for your conveyancing in Eye should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the legal process whose interest is to look after your best interests and to protect you.
There is a definite emergence in the "blame" culture- someone must be at fault for the process taking so long. We recommend that you should always trust your lawyer above all other players in the home moving process.
Should my solicitor be raising questions about flooding as part of the conveyancing in Eye.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Eye. Some people will acquire a house in Eye, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, however there are a various checks that can be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Eye. The conventional set of completed inquiry forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the seller to discover whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the seller, then a purchaser may bring a claim for damages as a result of such an incorrect response. A buyer’s lawyers will also commission an enviro report. This will indicate whether there is a recorded flood risk. If so, more detailed inquiries should be initiated.
I acquired my house on 3 February and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Eye said it would be formalised inside ten days. Are properties in Eye particularly slow to register?
As far as conveyancing in Eye is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and if the Land registry must send notices to any other parties. At present in the region of 80% of such applications are completed in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place after the new owner is living at the premises therefore an expedited registration is not typically an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for the application to be prioritised.
As co-executor for the will of my uncle I am disposing of a residence in Swansea but I am based in Eye. My solicitor (approximately 300 kilometers awayneeds me to sign a statutory declaration prior to completion. Can you recommend a conveyancing solicitor in Eye who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are Eye based
Finally, a mortgage agreement from a lender for the refinancing of my 4 bedroom apartment is coming imminently. Are you able to recommend a cheap remortgage conveyancing law firm in Eye ?
This site is not designed to help in pursuit of a cheap conveyancing in Eye. We can offer you cost effective conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing companies offering £99 conveyancing in Eye.At best, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in extras and still not get the service you were looking for.