I am only a couple days away from an exchange on a house in Henleaze and my mum and dad have sent the exchange deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my bank. Apparently, 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 advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your conveyancing practitioner is duty bound to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am purchasing a terraced house in Henleaze. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Henleaze you will have to appoint a solicitor on your bank'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 Henleaze.
Are there restrictive covenants that are commonly identified during conveyancing in Henleaze?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Henleaze. 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…’
How do I use your search tool to locate a conveyancing lawyer in Henleaze on the approved list for my bank?
First pick a mortgage company such as Lloyds TSB Bank, The Mortgage Works or TSB then type in your preferred area a common one being Henleaze. Conveyancing practices in Henleaze and beyond should be listed.
We are a couple of weeks into a freehold purchase having been recommend to a firm by the high street agent to perform conveyancing in Henleaze. I am am starting to be frustrated with the level of service. Could you help me find new lawyers?
They would have to be very bad to suggest replacing them. Has the mortgage been sent? In the event that it has you will need to advise them of the new contact details and have the offer are re-issued. Your conveyancer needs to be on the lenders panel to avoid supplemental fees and delays. So that should be your starting point. Our search tool will help you find a bank approved solicitor for your conveyancing in Henleaze
My lawyers in Henleaze have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the mortgage company. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the lender directly.