We are approaching an exchange on a flat in Kearsley and my mum and dad have transferred the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your conveyancing practitioner is duty bound to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are planning to acquire a house and need a conveyancing solicitor in Kearsley who is on the Yorkshire BS solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Kearsley.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Kearsley so that I can attend their offices if necessary.
As opposed to 15 years ago, almost all lenders no longer need their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to hand over ID documents and there are still manifest benefits to instructing a local solicitor, in your case a conveyancing solicitor in Kearsley.
Do I need to pay for insurance to address the risk of chancel repairs when purchasing a residence in Kearsley?
Unless a previous purchase of the premises completed after 12 October 2013 you could take it that conveyancing practitioners carrying out conveyancing in Kearsley to remain recommending a chancel search and or chancel repair liability policy.
The deeds to my house are lost. The lawyers who dealt with the conveyancing in Kearsley 10 years ago have long since closed. What do I do?
You no longer need to have the physical deeds to establish that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Kearsley is the location of the property. Is there any advice you can impart?
Flying freeholds in Kearsley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kearsley you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kearsley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.