My wife and I are getting closer to an exchange on a flat in Winchmore Hill and my mum and dad have sent the ten percent deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancer is obliged to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
How up to date is your search tool for Winchmore Hill conveyancing solicitors on the HSBC conveyancing panel? Do HSBC send you an updated list?
Winchmore Hill conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
I am purchasing a property and need a conveyancing solicitor in Winchmore Hill who is on the Skipton Building Society conveyancing. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Skipton Building Society in certain locations such as Winchmore Hill. We dont recommend any particular firm.
My wife and I are buying a property in Winchmore Hill. It might be a silly question but how we can trust a conveyancer? At some point we will need to put funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am selling my apartment. I had a double glazing fitted in April 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Kent Reliance are being difficult. The Winchmore Hill solicitor who is on the Kent Reliance conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Kent Reliance are requiring a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
After what seems like an age I have had an offer on an apartment in Winchmore Hill accepted, the vendors do nevertheless have a connected purchase. The owners have offered on somewhere, but it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have instructed a nearby conveyancing solicitor in Winchmore Hill. What should be my next step? At what point do I apply for the mortgage with UBS?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then valuation, Winchmore Hill conveyancing search charges, etc). The first thing to do is ensure that your solicitor is on the UBS approved list. As to the subsequent stages this very much dictated by the circumstances of your transaction, attraction to the property and on the state of the market. During a rising market many buyers will apply for the mortgage with UBS and arrange for the valuation and only if it was satisfactory would they request their solicitor to proceed with searches.
The deeds to our home are lost. The solicitors who did the conveyancing in Winchmore Hill 4 years ago no longer exist. What are my options?
You no longer need to have the physical official documentation to establish that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
Over the last few months I have been searching for a flat up to £305k and found one close by in Winchmore Hill I like with amenity areas and transport links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Winchmore Hill in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.