We are only a couple days away from an exchange on a property in Hayle and my parents have transferred the ten percent 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 mortgage company. I am advised that, in also acting for the lender he must advise 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 mortgage, so is it really appropriate for this now to delay the deal?
The property lawyer is legally required to check with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can your site be used to recommend a Conveyancing solicitor in Hayle even if I’m not purchasing or disposing of a house, for example where I want to buy an office in Hayle with a loan from Nottingham Building Society?
Our search tool is predominantly utilised to get a quote from domestic conveyancing solicitors in Hayle but we have listed towards the bottom of this page a selection of Hayle commercial conveyancing firms. You will need to speak with the firm directly to establish if they can also act for Nottingham Building Society
Are all Hayle Conveyancing Quality Solicitors on the Coventry BS conveyancing panel?
Some major lenders now utilise CQS as the starting point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
I am expecting a OIP from Aldermore this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Hayle solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Hayle solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
Lloyds have agreed my home loan in principle, my bid on a flat in Hayle has been accepted, what happens next?
The property agent will wish to know who your solicitors are (ensure that the conveyancing practitioners are on the lender’s approved list). Contact Lloyds or your broker and finish off any outstanding forms. Lloyds will instruct a valuer who will get in touch with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Lloyds will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hayle.
Are there restrictive covenants that are commonly identified during conveyancing in Hayle?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Hayle. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
We're first time buyers - agreed a price, yet the property agent told us that the seller will only issue a contract if we appoint their preferred conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Hayle
We suspect that the seller is unaware of this request. If they require ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are ready to go, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you are going to instruct your own,trusted Hayle conveyancing firm - rather thanthose that will give the negotiator at the agency a kickback or hit his conveyancing figures set by senior management.
We are thinking of using a web based conveyancing practitioner rather than a Hayle conveyancing firm. Should I ‘stay local’?
There are advantages of having the opportunity to attend a local Hayle conveyancing solicitor for example
- signing papers on short notice
- getting face-to-face explanations of issues that you need help with
- the ability to raise concerns if matters go pear-shaped
When checking estimates, look carefully for hidden extras. Most decent Hayle high street solicitors give an all-inclusive figure. Many online agents seem to offer discounted prices, but have burried 'extras' in the small print.