My partner and I are only a couple days away from an exchange on a flat in Freshford and my parents have transferred the ten percent deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my bank. 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 lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
The conveyancer is legally required to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We are planning to acquire a flat and need a conveyancing solicitor in Freshford who is on the Barclays conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Freshford.
I am purchasing a terraced house in Freshford. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Freshford you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Freshford.
How does conveyancing in Freshford differ for newly converted properties?
Most buyers of new build property in Freshford come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because house builders in Freshford tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Freshford or who has acted in the same development.
My husband and I are first time buyers - had an offer accepted, yet the property agent informed us that the vendor will only go ahead if we appoint the agent's preferred lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Freshford
It is unlikely the sellers are driving this. Should the seller desire ‘a quick sale', turning down a genuine purchaser is is going to put the whole deal at risk. Contact the sellers directly and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you are going to use your own,trusted Freshford conveyancing firm - as opposed tothose that will give the estate agent a introducer fee or meet his conveyancing thresholds pre-set by head office.
Is there an average legal costs for conveyancing in Freshford?
The average fee last year for conveyancing in Freshford was £1,419 not including Land Tax and HM Land Registry charges.