My husband and I are nearing an exchange on a flat in Henlow and my parents have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has not come from me my lawyer needs to disclose this 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 informed the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your lawyer is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We are buying a house and need a conveyancing solicitor in Henlow who is on the Santander approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Henlow.
We're in Henlow, First timers purchasing with a mortgage (lender is Santander , and our lawyer is on the Santander conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Henlow?
Its becoming the norm that commercial conveyancing solicitors in Henlow will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Henlow. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Henlow.
For each commercial conveyancing transaction in Henlow it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Henlow commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Henlow.
What does commercial conveyancing in Henlow cover?
Henlow conveyancing for business premises covers a broad array of advice, offered by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am using a search engine for the term cheap conveyancing in Henlow it reveals many solicitorsin the vicinity. With so much choice what is the best way to find the right property lawyer for me?
The best method of choosing the right conveyancer is via trusted testimonial, so ask friends and family who have purchased a property in Henlow or the respected estate agent or financial adviser. Costs for conveyancing in Henlow differ, so it's a good idea to request a minimum of three fee calculations from different solicitors. Dont forget to clarify what costs in the quote includes.