My partner and I are approaching an exchange on a flat in Groby and my parents have transferred the 10% deposit to my lawyer. I am now told that as the deposit has not arrived from me my property lawyer needs to make a notification to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancing practitioner is obliged to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I require fast conveyancing in Groby as I have an ultimatum to complete inside 3 weeks. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you are at liberty not to do searches although no solicitor would advise that you don't. With lots of history conveyancing in Groby the following are instances of issues that can be revealed and adversely affect the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
I purchased my flat on 1 August and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Groby expressed confidence that it will be concluded in a couple of weeks. Are transfers in Groby particularly slow to register?
There is nothing unique when it comes to conveyancing in Groby registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether it is in order and if the Land registry need to notify any 3rd persons or bodies. At present in the region of three quarters of submission are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Registration occurs once the buyer is living at the premises so 'speed' is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Groby differ for new build properties?
Most buyers of new build residence in Groby contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Groby usually purchase the land, 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 conveyancers 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 Groby or who has acted in the same development.
How do I identify a Groby law firm on the Norwich and Peterborough Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the tool on this page. Please select a bank and your location and you will see a number of Groby conveyancing lawyers based on proximity. We have detailed some Groby conveyancing firms towards the end of this page and you can ring them to check whether they are on the Norwich and Peterborough Building Society approved list
As co-executor for the estate of my grandfather I am disposing of a residence in Swansea but live in Groby. My conveyancer (who is 260 miles awayneeds me to sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Groby to witness this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Groby based