My partner and I are nearing an exchange on a house in Greystones and my parents have transferred the 10% deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my conveyancer needs to disclose this to my mortgage company. I am advised that, 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 informed the lender regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
Your conveyancing practitioner is obliged to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Why do I have to pay up front when it comes to conveyancing in Greystones?
Where you are retaining lawyers for conveyancing in Greystones your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. Generally this is requested to cover the fees of the Local Authority Search. If any down payment is as part of the total price then this will be required immediately ahead of exchange of contracts. Any further balance that is due should be transferred shortly before completion.
I am purchasing a terraced house in Greystones. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Greystones you will have to appoint a solicitor on your lender'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 Greystones.
My wife and I are purchasing a property in Greystones. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to put funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am selling my apartment. I had a double glazing fitted in July 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Kent Reliance are being difficult. The Greystones solicitor who is on the Kent Reliance conveyancing panel is recommending indemnity insurance as a solution but Kent Reliance are insisting on a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have instructed a Greystones conveyancing practitioner having checked that they are on the Bank of Ireland conveyancing panel. Does my lawyer arrange the survey of the property?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Greystones surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My friend advised me that where I am purchasing in Greystones I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Greystones conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Greystones around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Greystones Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Greystones Education with maps and statistics, Local Amenities and other useful data concerning Greystones.
We're FTB’s - had an offer accepted, but the estate agent told us that the seller will only proceed if we use their preferred lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer who is accustomed to conveyancing in Greystones
It is unlikely the owners are driving this. If they want ‘a quick sale', turning down a genuine purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Greystones conveyancing lawyers - as opposed tothose that will give their negotiator at the agency a commission or achieve conveyancing targets pre-set by corporate headquarters.