My husband and I are only a couple days away from an exchange on a house in Ham and my parents have sent the ten percent deposit to my solicitor. I am now told that as the deposit has been received from someone other than me my lawyer needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank about my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your conveyancing practitioner is legally required to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Can your site be used to locate a Conveyancing solicitor in Ham even if I’m not purchasing or selling a house, for example if I want to buy an office in Ham with a mortgage from Bank of Ireland?
Our comparison service is primarily there to select domestic conveyancing solicitors in Ham but we have listed towards the end of this page a few Ham commercial conveyancing firms. You should make contact with the company directly to establish if they can also act for Bank of Ireland
The Ham conveyancing lawyers that I appointed last week on my house acquisition in Ham have without warning closed. I only went with them because I needed a lawyer on the HSBC conveyancing panel and my family Ham lawyer was not. I paid them £170 in advance. What are my options?
If you have an estate agent involved then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the HSBC 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 lawyers may be able to assist.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Ham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Ham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a house in Ham in advance of appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some banks may not grant a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ham. Conveyancing will be smoother if you use a solicitor in Ham especially if they are familiar with such properties in Ham.