My wife and I are nearing an exchange on a house in Knaphill and my mum and dad have sent the 10% deposit to my conveyancer. I am now advised that as the deposit has not come from me my property lawyer needs to disclose this to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The solicitor is duty bound to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We are selling our flat in Knaphill. Will the property lawyer have to be on the Barclays conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I have todaybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Knaphill for a purchase of a leasehold apartment 10 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Knaphill conveyancing specialists.
I decided to have a survey carried out on a house in Knaphill in advance of instructing lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may refuse to grant a mortgage on a flying freehold home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Knaphill. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I will soon spend 450k on a house in Knaphill I would like to talk to a conveyancer about myconveyancing prior to appointing the firm. Is this something that you can arrange?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you first talking to the solicitor due to be doing your property ownership legalities in Knaphill.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter number. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Knaphill should be the amount on the final invoice that you end up paying.
Me and my wife accepted an offer on a Knaphill flat we inherited 5 years ago in 2012. I have over 15 years conveyancing experience and, now retired, see no reason not to carry out the conveyancing. The purchaser's property lawyer has informed me that their bank will not allow you to do your own conveyancing insisting the funds to be released via a solicitor's bank account.
Mortgage requirements to conveyancers from all CML members specify that If the seller is not legally represented the purchaser’s lawyers should check whether the mortgage company needs to be informed so that a decision can be made if they are willing to move forward.