My husband and I are approaching an exchange on a house in Redditch and my parents have sent the exchange deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my mortgage company. 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 informed the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The lawyer is duty bound to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are planning to buy with Melton Mowbray Building Society. I went into a couple of high street companies yet am struggling to find a Redditch conveyancing firm on the Melton Mowbray Building Society approved list. Please you help?
Please do take advantage of the search tool on this web page. Please choose the building society and type Redditch or your location and you will be presented with numerous conveyancers based in Redditch or nearest you.
What does a local search tell me concerning the property I am buying in Redditch?
Redditch conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for example Xpress Legal The local search is essential in every Redditch conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Redditch is where the house is located. Is there any advice you can impart?
Flying freeholds in Redditch are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Redditch you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Redditch 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 residence.
What tools are available to search for a Redditch law firm on the National Westminster Bank conveyancing panel? I have a car and am willing to travel upto 25miles to meet the conveyancer.
You can use the facility on this website. Please pick a bank and your location and you will see a number of Redditch conveyancing lawyers located nearest you. We have listed some Redditch conveyancing firms at the bottom of this page and you can ring them to check whether they are on the National Westminster Bank member panel
I am using a search engine for the term on line conveyancing in Redditch it reveals numerous solicitorsin the area. How do I determine which is the suitable solicitor for my move?
The preferential way of finding a suitable conveyancer is through a personal recommendation, so enquire of colleagues and family who have acquired a property in Redditch or the reputable estate agent or mortgage broker. Fees for conveyancing in Redditch differ, so it's sensible to obtain at least four quotes from varying types of companies. Dont forget to clarify that the fees are fixed.