My wife and I are getting closer to an exchange on a flat in Holborn and my mum and dad have sent the ten percent deposit to my solicitor. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancing practitioner is obliged to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Why do I have to pay up front for my conveyancing in Holborn?
If you are buying a property in Holborn your solicitor will request that you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any deposit is payable against the total price then this will be needed shortly ahead of contracts are exchanged. The final balance that is due should be sent to your lawyer a few days ahead of the day of completion.
This question may be naive but I am unseasoned as a 1st time purchaser of a ground floor flat in Holborn. Do I pick up the keys to the premises on completion from my lawyer? If so, I will find a High Street conveyancing solicitor in Holborn?
On the day of completion you will not be required to go to the conveyancers office in Holborn. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and start moving into the property. Usually this happens early afternoon.
I am selling my house. I had a double glazing fitted in October 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Co-operative are being problematic. The Holborn solicitor who is on the Co-operative conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Yorkshire BS have agreed my home loan in principle, my offer on a house in Holborn has been agreed to, what are the next steps?
Your property agent will want to be advised as to your property lawyer's details (ensure that the conveyancers are on the lender’s approved list). Call up Yorkshire BS or your broker and finish off any outstanding forms. Yorkshire BS will sellect a valuer who will get in touch with the selling agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes on average ten days to get a mortgage offer. Yorkshire BS will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Holborn.
I am selling our property in Holborn and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Holborn conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a national conveyancing firm rather than a conveyancing solicitor in Holborn. We have lived in Holborn for 5 years we know that this is a non issue. Should we contact our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I used Action Conveyancing several years ago for my conveyancing in Holborn. Now, I need my files however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Holborn of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I need to instruct a conveyancing solicitor for residential conveyancing in Holborn. I've discover a site which appears to be the perfect solution If it is possible to get all this stuff done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?