I am approaching an exchange on a property in Belper and my parents have sent the ten percent deposit to my property lawyer. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my bank. 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 informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your lawyer is legally required to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Do banks and building societies provide you with an approved list of Belper conveyancing solicitors? How do you know who is on the UBS conveyancing panel?
Belper conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
The Belper conveyancing solicitors that just started acting on my house acquisition in Belper have without warning closed. They were on acting for me because I had to have a lawyer on the Virgin Money conveyancing panel and my family Belper lawyer was not. I gave my credit card details for them to take £195 for searches. What are my options?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
I used Wolstenholmes a few years past for my conveyancing in Belper. I now require my file but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Belper of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm remortgaging my primary home to a BTL mortgage with Halifax and I will use the rest of the raised equity as a down payment on a second property. The neighborhood we are talking about is Belper. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our comparison tool on this site to be sure that the lawyers are on the relevant lender panels. On the basis that they are your solicitor will be able to connect the two deals but you should talk with you lawyer and communicate your expectations and requirements.