My wife and I are only a couple days away from an exchange on a property in Papworth Everard and my parents have sent the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my solicitor 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 disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your conveyancer is legally required to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We wanted to use a conveyancing solicitor in Papworth Everard for our house purchase. Our broker has since notified us that our mortgage lenders Barclays won't deal with them. Surely this is unfair competition?
Mortgage Companies on the whole restrict either the type or the volume of conveyancing solicitors on their member panel. Typical examples of such restriction(s) being that a firm must not be a sole practitioner. As well as restricting the type of firm, a few banks have limited the number of solicitor practices they use to act for them. You should note that Barclays have no responsibility for the quality of advice provided by any member of Barclays Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels a few years ago even though there are differing opinions regarding the level of solicitor involvement in some of that fraud. Data from the Land Registry reveal that hundreds of law firms, including some in or near Papworth Everard only execute one or two conveyances per annum.
My wife and I buying a terrace house in Papworth Everard. The intention is to convert the garage to an office at the house.Will legal conveyancing on the property involve enquiries to ascertain if these alterations are permitted?
Your solicitor will check the registered title as conveyancing in Papworth Everard can on occasion identify restrictions in the title documents which restrict certain changes or need the permission of another owner. Many extensions require local authority planning consent and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
We have a mortgage agreed in principle with Virgin Money. Papworth Everard conveyancing lawyers were instructed. How long does it take for Virgin Money to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Virgin Money conducted the valuation? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am selling my apartment. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Clydesdale are being a right pain. The Papworth Everard solicitor who is on the Clydesdale conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Clydesdale are requiring a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale 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.
Just acquired a detached house in Papworth Everard , how long will it take for the Land Registry to register my title? My Papworth Everard conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are dealt with.
There is nothing unique when it comes to conveyancing in Papworth Everard registration formalities. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether there are errors and whether the Land registry communicate with any 3rd parties. Currently approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place after the buyer has moved in to the property so registration formalities is not usually an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers can contact the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Papworth Everard is where the house is located. Can you offer any opinion?
Flying freeholds in Papworth Everard are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Papworth Everard you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Papworth Everard may determine 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 premises.
Are there any apps to help locate a Papworth Everard solicitor on the Virgin Money conveyancing panel? I have a car and am willing to travel upto 20kilometers to meet the conveyancer.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Papworth Everard conveyancing lawyers locally. We have detailed some Papworth Everard conveyancing firms at the bottom of this page and you can telephone them to see if they are on the Virgin Money member panel