My wife and I are nearing an exchange on a flat in Killingworth and my parents have transferred the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The conveyancer is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We are buying a property and need a conveyancing solicitor in Killingworth who is on the Yorkshire BS conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Killingworth.
My wife and I are buying a house in Killingworth. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to put funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Killingworth solicitor firms on the Co-operative conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Co-operative approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
We have agreed to purchase a house in Killingworth. One unusual aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is RBS your lawyer must check the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to RBS where a lease does not comply with these specifications. The provisions relate to the installation of panels on properties nationwide and is not limited to Killingworth.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a residence in Killingworth?
Unless a previous acquisition of the house took place after 12 October 2013 you could assume that conveyancing practitioners conducting conveyancing in Killingworth to remain recommending a chancel search and or chancel repair liability insurance.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The lawyers who dealt with the conveyancing in Killingworth 10 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to have the physical original deeds to evidence that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.