We are approaching an exchange on a property in Tottenham and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my property lawyer needs to disclose this to my bank. Apparently, 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 him to raise this?
The property lawyer is obliged to check with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
It is a dozen years since I acquired my property in Tottenham. Conveyancing lawyers have recently been retained on the sale but I am unable to track down my title documents. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a possibility that the deeds will be kept by your lender or they could be in the possession of the lawyers who acted in your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Almost all conveyancing in Tottenham relates to registered property but in the unlikely event that your home is not registered it is more problematic but is not insurmountable.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Tottenham is the location of the property. What do you suggest?
Flying freeholds in Tottenham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tottenham you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tottenham may decide 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.
Is it possible to swap firm as I need to retain one who is on the Alliance & Leicester conveyancing list. I hired a high street conveyancing solicitor in Tottenham round the corner but she is not accepted by Alliance & Leicester
It would be our pleasure to help you find a conveyancing solicitor in Tottenham on the Alliance & Leicester panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Tottenham. In making use of search facility on this site, you can contrast charges for conveyancing solicitors in Tottenham and beyond.
My father has encouraged me to instruct his conveyancers in Tottenham. Should I find my own property lawyer?
There are no two ways about it the ideal way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have actually experience in using the conveyancer that you are contemplating using.
Our estate agent has recommended their solicitor for our conveyancing in Tottenham - Surely it’s easier to just instruct them?
You need to establish if the estate agent is recommending a property lawyer or introducing to a solicitor. There are plenty of Tottenham estate agents who recommend two or three Tottenham conveyancing firms purely based on those lawyers offering a great service.