My husband and I are only a couple days away from an exchange on a house in Greystones and my mum and dad have sent the exchange deposit to my solicitor. I am now advised that as the deposit has been received from someone other than me my conveyancer 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 mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
Your lawyer is duty bound to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Will lawyers request money on account when it comes to conveyancing in Greystones?
If you are buying a property in Greystones your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. Ordinarily this is requested to cover the fees of the Local Authority Search. When the down payment is payable against the purchase price then this will be asked for immediately in advance of exchange of contracts. The closing balance that is needed should be transferred a few days prior to the completion date.
I am purchasing a semi-detached 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 house in Greystones. I might seem paranoid but how we can trust a lawyer? At some point we will need to deposit our life savings into their account. What protection do we have from them run away with our money?
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 due to exchange contracts on my apartment. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, HSBC are being difficult. The Greystones solicitor who is on the HSBC conveyancing panel is recommending indemnity insurance as a solution but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC 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.
After shopping around on the internet I have found a Greystones conveyancer having checked that they are on the RBS conveyancing panel. Does my lawyer arrange the survey of the property?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS 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 colleague recommended that where I am purchasing in Greystones I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Greystones conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant 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, Local Education with plans and statistics, Local Amenities and other useful data regarding Greystones.
We're FTB’s - had an offer accepted, yet the selling agent told us that the seller will only go ahead if we appoint their recommended lawyers as they want an ‘expedited deal’. We would rather use a local solicitor who is accustomed to conveyancing in Greystones
It is improbable the owners are driving this. If they require ‘a quick sale', taking such a hostile approach to a motivated buyer is is going to put the whole deal at risk. Contact the sellers directly and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to use your own,trusted Greystones conveyancing lawyers - as opposed tothe ones that will earn the estate agent a referral fee or hit his conveyancing thresholds pre-set by HQ.