We are only a couple days away from an exchange on a house in Hagley and my mum and dad have sent the 10% deposit to my lawyer. I am now informed that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my lender. I am advised that, 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 advised the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The solicitor is obliged to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Are the Hagley conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
Hagley conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
Me and my partner are buying a house in Hagley. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to send funds into their account. What is the protection 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 have decided to exercise my right to buy my property in Hagley off the council. I have a mortgage agreed with Kent Reliance. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
Intending to buy a apartment in Hagley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hagley conveyancer is on the Aldermore conveyancing panel.
I completed on my house on 13 May and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Hagley advises it should be concluded in a couple of weeks. Are properties in Hagley particularly slow to register?
There is nothing unique when it comes to conveyancing in Hagley registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and if the Land registry have to notify any 3rd parties. Currently in the region of 80% of submission are fully addressed within 12 days but some can be subject to extensive delays. Historically registration takes place once the purchaser has moved in to the property thus 'speed' is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer could speak with the land registry and explain the circumstances.
I opted to have a survey done on a house in Hagley ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may refuse to grant a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hagley. Conveyancing may be slightly more expensive based on your lender's requirements.
My father-in-law has recommend that I use his conveyancing solicitors in Hagley. Should I find my own conveyancer?
There are no two ways about it the ideal way to find a conveyancing solicitor is to have referrals from friends or family who have actually experience in using the firm you're contemplating using.