My husband and I are approaching an exchange on a house in Stow on the Wold and my parents have sent the 10% deposit to my conveyancer. I am now informed that as the deposit has not come from me my solicitor needs to disclose this to my mortgage company. I am advised that, 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 advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The lawyer is duty bound to check with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Why do I have to pay up front when it comes to conveyancing in Stow on the Wold?
Where you are retaining lawyers for conveyancing in Stow on the Wold your solicitor will request that you place them with funds to cover the search fees. Generally this is needed to cover the fees of the Local Authority Search. When the down payment is as part of the total price then this will be required immediately before contracts are exchanged. The closing balance that is due should be transferred shortly before completion.
I have 70 years unexpired on my lease and need a lease extension for my flat in Stow on the Wold. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/3/2025 the requirements read as follows :
What does commercial conveyancing in Stow on the Wold cover?
Commercial conveyancing in Stow on the Wold covers a wide array of guidance, supplied by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
My partner has suggested that I instruct his conveyancers in Stow on the Wold. Should I use them?
Much as we are happy to recommend a Stow on the Wold conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to have feedback from friends or family who have experience in using the conveyancer you're contemplating using.
Can you set a few of distinct advantages to instructing a local conveyancer in Stow on the Wold
Home movers in Stow on the Wold decide on using a nearby high street conveyancer so that they can pop into the firm’s offices in the event that they have concerns, and to execute paperwork rather than relying on the Royal Mail.
There is a distinct benefit in using a solicitor nearby to a house you are purchasing, due to the familiarity of the locality and possible local concerns - yet this is debatable. Many conveyancers conduct their communications via the internet and could be anywhere in the world.