My wife and I are only a couple days away from an exchange on a house in Tenbury Wells and my parents have transferred the 10% deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
The conveyancer is legally required to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We see that you have a post code search directory listing law firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Tenbury Wells?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Tenbury Wells.
My lawyer in Tenbury Wells has never been on on the The Royal Bank of Scotland Approved Panel. Can I still use my family solicitor notwithstanding that they are not on the The Royal Bank of Scotland approved list?
Your options are as follows:
- Carry on with your existing Tenbury Wells lawyers but The Royal Bank of Scotland will need to instruct a lawyer on their panel. This will inevitably rack up the overall conveyancing fees and cause delays.
- Find a new solicitor to to deal with the conveyancing, remembering to check they are Convince your solicitor to do everything within their powers to join the The Royal Bank of Scotland conveyancing panel
I am planning to move property in April. Does my conveyancing solicitor liaise with the removal company on the day of completion. As an aside, can you suggest a removal company in Tenbury Wells. Conveyancing firm was chosen prior to coming across this page.
On the afternoon of completion you can collect the keys from your property agent however this should only be done when the sellers conveyancers inform the agent that they have the completion monies and the keys can be released. You should tell the removal company that they can start moving you in. We do not recommend a particular removal company but can assist you in locating a conveyancing in Tenbury Wells or a legal practice with expertise in conveyancing in Tenbury Wells.
We are getting a further advance on our home loan from Barclays as we want to carry out improvements to our house in Tenbury Wells. Are we obliged to select a local Tenbury Wells solicitor on the Barclays conveyancing panel to handle the paperwork?
Barclays don't usually require firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Barclays conveyancing panel.
We have agreed to purchase a house in Tenbury Wells. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
As you are obtaining a mortgage with Yorkshire BS your lawyer must check the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Yorkshire BS where a lease fails to meet these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not limited to Tenbury Wells.
I am buying a new build flat in Tenbury Wells. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Tenbury Wells
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Tenbury Wells is where the house is located. What do you suggest?
Flying freeholds in Tenbury Wells are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tenbury Wells you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tenbury Wells 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 property.