My husband and I are approaching an exchange on a flat in Northam and my parents have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The solicitor is obliged to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can you explain why leasehold purchase conveyancing in Northam costs more?
Northam leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We're in Northam, First timers purchasing with a mortgage (lender is Nottingham , and our solicitor is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham 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.
My business partner and I are looking to take over a lease of a shop on the high street. Can you recommend solicitors offering no-sale-no charges for commercial conveyancing in Northam for less than £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Northam, including the disposal and purchase of businesses as well as simply premises. Whether you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. Regarding the fees this will depend on the structure and nuances of the proposed transaction. Let us have your contact information or telephone us so that we can provide you with a fixed commercial conveyancing calculation.
We are one month into a freehold purchase having been directed to conveyancers by the high street agent to handle our conveyancing in Northam. We are not happy. Could you you assist me in finding new solicitors?
They would need to be very bad in order to consider changing them. Has your mortgage been issued? If so you must inform them of the new solicitor and ensure the mortgage documents are re-issued. Your solicitor ideally needs to be on the mortgage company approved list to avoid supplemental fees and delays. That should be your starting point. Our search tool will assist you in finding a bank approved conveyancer for your home move in Northam
I have been looking for Northam conveyancing quotes online. Can I be confident that all the Northam law firms that are listed on your website are on the mortgage company conveyancing panel?
The law firms on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Northam conveyancing solicitor being on the mortgage company conveyancing panel is not accurate.