We are only a couple days away from an exchange on a flat in Mirfield and my parents have transferred the exchange deposit to my property lawyer. I am now informed that as the deposit has been received from someone other than me my lawyer needs to make a notification to my mortgage company. 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 disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your conveyancing practitioner is obliged to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
How up to date is your search tool for Mirfield conveyancing solicitors on the Santander conveyancing panel? Do Santander send you an updated list?
Mirfield conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
We are selling our house in Mirfield and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Mirfield conveyancer would know this is not the case. It does beg the question why the buyers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Mirfield. We have lived in Mirfield for six years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Mirfield differ for new build properties?
Most buyers of new build property in Mirfield come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Mirfield tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Mirfield or who has acted in the same development.
I have been recommended by a few property agents in Mirfield to find a property lawyer on your site. What’s the financial incentive for Estate Agents to recommend your site over another?
We refuse to offer any referral fee for directing people in our direction. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.