We are approaching an exchange on a property in Stallingborough and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my property lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The lawyer is legally required to check with lender to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I am looking to buy a house and require a conveyancing solicitor in Stallingborough who is on the Halifax solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Halifax in certain locations such as Stallingborough. We dont recommend any particular firm.
We are buying a house and the conveyancer has raised the issue of Chancel Repair for which the property could be obligated to pay as it falls into the area of such a church. He has mentioned insurance. Is this strictly appropriate for conveyancing in Stallingborough
Unless a prior purchase of the premises took place after 12 October 2013 you can take it that lawyers carrying out conveyancing in Stallingborough to continue to advocate a chancel search and or chancel repair liability policy.
Are there restrictive covenants that are commonly identified as part of conveyancing in Stallingborough?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Stallingborough. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Stallingborough differ for newly converted properties?
Most buyers of new build or newly converted property in Stallingborough come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Stallingborough usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stallingborough or who has acted in the same development.
My uncle has urged me to instruct his conveyancers in Stallingborough. Do I take his recommendation?
No doubt the ideal way to select a conveyancing solicitor is to get guidance from friends or family who have actually previously instructed the conveyancer you're contemplating using.