We are only a couple days away from an exchange on a house in Gaydon and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor is obliged to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I just bought a property at auction in Gaydon. Conveyancing is required. What is next?
Having exchanged you should choose a conveyancing solicitor quickly as you now have a fast approaching a fixed date to complete the property. Every auction property will ordinarily have an associated auction pack. This should include evidence of title and search results. In the case of leasehold premises the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You need to give this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
Please help - my lawyer says that lack of building regulations insurance is needed on my purchase. What is the level of cover for Gaydon conveyancing?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Coventry Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
I am buying a property in Gaydon. A rare aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Bank of Ireland your lawyer must check the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Bank of Ireland where a lease fails to comply with these provisions. The conditions relate to the installation of panels on properties nationwide and is not isolated to Gaydon.
Will my solicitor be raising questions regarding flooding during the conveyancing in Gaydon.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Gaydon. Some people will acquire a property in Gaydon, fully expectant that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, however there are a various checks that can be carried out by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Gaydon. The standard completed inquiry forms given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual question of the owner to determine if the property has suffered from flooding. If the premises has been flooded in past which is not notified by the seller, then a buyer may bring a legal claim for losses stemming from an misleading response. A buyer’s conveyancers will also order an environmental search. This will reveal whether there is a recorded flood risk. If so, more detailed inquiries should be carried out.
I have justbeen informed that Stirling Law have been shut down. They carried out my conveyancing in Gaydon for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is in my name in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gaydon conveyancing specialists.
As co-executor for the will of my father I am selling a house in Monmouth but live in Gaydon. My solicitor (based 200 kilometers awayhas requested that I execute a stat dec prior to completion. Can you recommend a conveyancing practitioner in Gaydon to witness this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are located in Gaydon
My estate agent has recommended their conveyancer for my conveyancing in Gaydon - won’t it be easier to just use them?
It is not always the case and you are entitled to use whichever property lawyer you decide for your Gaydon home move. The property lawyer suggested by an estate agent may not always be the right property lawyer, they may put forward their own conveyancing firm who are based far away. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.