My wife and I are getting closer to an exchange on a property in Tenbury Wells and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must advise 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 him to raise this?
Your property lawyer is legally required to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My Solicitor in Tenbury Wells has never been on on the Alliance & Leicester Conveyancing Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are not on the Alliance & Leicester panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your preferred Tenbury Wells solicitors but Alliance & Leicester will need to use a lawyer on their list of acceptable firms. This will inevitably rack up the overall conveyancing fees as well as cause delays.
- Choose a new lawyer to act in the purchase, obviously checking they are Convince your conveyancer to do everything within their powers to join the Alliance & Leicester conveyancing panel
My uncle pointed out to me me that in purchasing a property in Tenbury Wells there could be various restrictions prohibiting external alterations to a property. Is this right?
We are aware of a number of properties in Tenbury Wells which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Tenbury Wells should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Tenbury Wells solicitor practices on the Aldermore conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Aldermore conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some banks do permit licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
I am currently in the process of buying my council flat in Tenbury Wells. I have a mortgage agreed with Coventry BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
I have been told that property searches are the primary cause of obstruction in Tenbury Wells house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Tenbury Wells.
I am looking into buying my first house which is in Tenbury Wells and I am already nervous. I couldn't find anything specific about Tenbury Wells. Conveyancing will be needed in due course but do you know about the Tenbury Wells area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Tenbury Wells. In the meantime here are some basic statistics that we found
I need to appoint a conveyancing solicitor for purchase conveyancing in Tenbury Wells. I happened to land on a site which looks to be the ideal offering If it is possible to get all this stuff completed via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?