My partner and I are only a couple days away from an exchange on a property in Hatch End and my parents have transferred the 10% deposit to my . I am now informed that as the deposit has been sent from someone other than me my 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 mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your is duty bound to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
My property lawyer in Hatch End is not on the Solicitor Panel. Can I still use my family solicitor notwithstanding that they are excluded from the approved list?
Your options are as follows:
- Complete the purchase with your existing Hatch End solicitors but will need to instruct a solicitor on their list of acceptable firms. This will inevitably rack up the overall legal fees and cause delays.
- Get an alternative solicitor to to deal with the conveyancing, obviously checking they are Persuade your conveyancer to do everything within their powers to join the conveyancing panel
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Hatch End?
Unless a prior acquisition of the house took place post 12 October 2013 you could assume that lawyers handling conveyancing in Hatch End to remain encouraging a chancel search and or chancel repair liability policy.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Hatch End. I have land on a web site which looks to be the ideal solution If there is a chance to get all this stuff completed via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My husband and I are planning to purchase a four bedroom apartmentin Hatch End with a mortgage from a mortgage company. We have selected a solicitor in Hatch End yet our bank advise he's not listed on their "panel". We have to appoint one of the our lender panel solicitors or keep our Hatch End solicitor and incur the extra legals for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that our bank use our Hatch End lawyer?
No, not really. The mortgage company mortgage issued is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most mortgage companies had open panels, including almost all conveyancing solicitors in Hatch End : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your lender.