My partner and I are nearing an exchange on a property in Fenny Stratford and my mum and dad have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has not come from me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?

Your property lawyer is duty bound to check with mortgage company to ensure that they know 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 permit them to, failing which, your lawyer must cease to continue acting.

Are the BSA planning on creating a online directory to list firms on the Loughborough BS conveyancing panel for example in Fenny Stratford?

We are not aware of any plans on the part of the BSA to develop such a register.

Will my conveyancer be making enquiries concerning flooding as part of the conveyancing in Fenny Stratford.

The risk of flooding is if increasing concern for conveyancers dealing with homes in Fenny Stratford. There are those who buy a house in Fenny Stratford, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.

Lawyers are not qualified to impart advice on flood risk, but there are a numerous searches that may be carried out by the purchaser or on a buyer’s behalf which can figure out the risks in Fenny Stratford. The conventional set of completed inquiry forms sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the owner to find out whether the premises has suffered from flooding. In the event that the premises has been flooded in past which is not notified by the owner, then a purchaser could commence a compensation claim as a result of such an incorrect reply. A buyer’s lawyers may also commission an environmental search. This will disclose whether there is any known flood risk. If so, more detailed investigations will need to be made.

I have todaybeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Fenny Stratford for a purchase of a leasehold apartment 10 months ago. How can I check that the property is in my name in the name of the previous owner?

The easiest way to check if the premises is in your name, you can carry out 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 Fenny Stratford conveyancing specialists.

I opted to have a survey carried out on a property in Fenny Stratford prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may not give a mortgage on a flying freehold premises.

It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Fenny Stratford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fenny Stratford to see if the conveyancing will be more expensive.