My wife and I are getting closer to an exchange on a flat in Finsbury and my parents have sent the 10% deposit to my solicitor. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancer is legally required to clarify with the bank to make sure 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 mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can your site be used to find a Conveyancing solicitor in Finsbury even where I’m not buying or disposing of a house, for instance where I want to buy an office in Finsbury with a mortgage from Halifax?
Our comparison service is mainly there to locate domestic conveyancing solicitors in Finsbury but we have recorded at the end of this page a few Finsbury commercial conveyancing firms. You should make contact with the company directly to establish if they are also authorised to represent Halifax
I am remortgaging my house in Finsbury, does my lawyer need to be on the Nationwide Conveyancing panel?
There is nothing to stop you using your solicitor, but Nationwide will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, no chain conveyancing. Finsbury is the location of the property. Is there any advice you can give?
Flying freeholds in Finsbury are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Finsbury you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Finsbury may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My fiance and I are in the market for a responsive conveyancing solicitor in Finsbury to help me sell my home. I really don't want to get ripped off but with so many Finsbury conveyancing solicitors to pick from...who's the best?
Where you’ve not used a property lawyer in the past, a trustworthy recommendation from family or friends is a preferable starting point and is often a good barometer of quality. As an alternative option, consult the Law Society’s regional record of solicitors in Finsbury or use our search tool to choose a conveyancing lawyer in Finsbury.