My partner and I are nearing an exchange on a flat in Whitley Bay and my mum and dad have transferred the ten percent deposit to my lawyer. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my mortgage company. 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 advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your property lawyer is obliged to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Should my conveyancer be asking questions regarding flooding as part of the conveyancing in Whitley Bay.
Flooding is a growing risk for solicitors dealing with homes in Whitley Bay. There are those who buy a property in Whitley Bay, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, but there are a numerous checks that may be initiated by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Whitley Bay. The standard property information forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the seller to determine whether the property has suffered from flooding. In the event that the premises has been flooded in past and is not notified by the owner, then a purchaser could issue a legal claim for losses resulting from an misleading response. The purchaser’s conveyancers should also commission an enviro search. This will reveal if there is a recorded flood risk. If so, additional investigations should be conducted.
How does conveyancing in Whitley Bay differ for new build properties?
Most buyers of new build property in Whitley Bay come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Whitley Bay typically acquire the land, 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 used to new build conveyancing in Whitley Bay or who has acted in the same development.
What makes your site different to alternative web based conveyancing solicitors when it comes to conveyancing in Whitley Bay?
At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Whitley Bay. Unlike many estate agents and many comparison sites we do not operate referral deals with solicitors. Many agents and online brokers 'recommend' the firm that pays the most per referral, not the best value conveyancing in Whitley Bay
My husband and I are first time buyers - agreed a price, yet the estate agent informed us that the owners will only move forward if we use their recommended solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor with experience of conveyancing in Whitley Bay
We suspect that the owner is unaware of this ultimatum. Should the vendor require ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Avoid the agents and go straight to the owners and make the point that (a)you are serious purchasers (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Whitley Bay conveyancing solicitors - as opposed tothose that will earn the estate agent a commission or hit his conveyancing targets demanded by head office.
We today become aware that one of the partners of the solicitors undertaking the purchase conveyancing in Whitley Bay is a relative of the owners that we are purchasing from. Is this acceptable?
As long as no conflict arises this is permitted. If you are requiring a mortgage then the bank may have a say as many banks have specific requirements on this. For example for Virgin as of 21/10/2025, the requirements read as follows :