We are nearing an exchange on a property in Turnham Green and my mum and dad have sent the ten percent deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. Apparently, 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 disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your lawyer 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 resources. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I have been referred to a conveyancing solicitor in Turnham Green. I I would like to check if they are accepted on the Godiva Mortgages Ltd conveyancing panel. Could you help?
You should e-mail the lawyer and ask them whether they are on the lender panel. Otherwise you should call Godiva Mortgages Ltd who may be able to help.
I purchased a 4 bedroom Victorian house in Turnham Green. Conveyancing solicitor acted for me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same property. Is it worth asking Accord Mortgages Ltd to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Turnham Green and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing solicitor who completed the work.
How does conveyancing in Turnham Green differ for new build properties?
Most buyers of new build or newly converted property in Turnham Green approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because builders in Turnham Green typically purchase the site, 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 accustomed to new build conveyancing in Turnham Green or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Turnham Green in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some lenders tend not grant a loan on this type of home.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Turnham Green. Conveyancing may be slightly more expensive based on your lender's requirements.
How simple is it to swap solicitor as I need to select one who is on the Alliance & Leicester conveyancing panel. I was using a high street conveyancing solicitor in Turnham Green five minutes from me but she is not approved by Alliance & Leicester
It would be our pleasure to help you find a conveyancing solicitor in Turnham Green on the Alliance & Leicester panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Turnham Green. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Turnham Green.