I am approaching an exchange on a house in Wooburn Green and my parents have sent the exchange deposit to my property lawyer. I am now informed that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is legally required to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
A colleague suggested that if I am buying in Wooburn Green I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Wooburn Green conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Wooburn Green around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Wooburn Green.
I have justbeen informed that Wolstenholmes have closed. They carried out my conveyancing in Wooburn Green for a purchase of a leasehold apartment 10 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wooburn Green conveyancing specialists.
How does conveyancing in Wooburn Green differ for newly converted properties?
Most buyers of new build property in Wooburn Green contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because developers in Wooburn Green typically buy the real estate, 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 property lawyers 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 Wooburn Green or who has acted in the same development.
I am thinking of appointing a conveyancing solicitor in Wooburn Green for my house move. Can I review a solicitor's complaints history with the legal regulator?
One can review presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.
I am looking to buy a repression house in Wooburn Green and the bank selling require completion inside 28 days. Do property lawyers complete in this timeframe? Would it be better to instruct a local Wooburn Green firm or an online organisation that professes to offer speedy conveyancing?
Attend your Wooburn Green high street. Pop in to 3 companies and ask to see a conveyancing solicitor for a quote. Set out your needs and try and obtain a commitment on speed. Appoint the one that seems most efficient. Make sure to select a lawyer on the panel of lawyers who can act for your lender.