We are approaching an exchange on a house in Presteigne and my mum and dad have transferred the exchange deposit to my property lawyer. I am now told that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?

The conveyancer is duty bound to clarify with lender to make sure that they know 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 agree, failing which, your lawyer must cease to continue acting.

Do commercial conveyancing searches reveal planned roadworks that may impact a commercial site in Presteigne?

Its becoming the norm that commercial conveyancing solicitors in Presteigne will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Presteigne. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Presteigne.

For every commercial conveyancing transaction in Presteigne it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Presteigne commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Presteigne.

Have purchased a a detached house in Presteigne , how long should it take for the Land Registry to record my title? My Presteigne conveyancing solicitor works at snail pace, so I want to be certain the post completion formalities are dealt with.

There is nothing unique when it comes to conveyancing in Presteigne registration formalities. As opposed to being determined by geographic area, timescales can adjust according to who lodges the application, whether there are errors and whether the Land registry must send notices to any 3rd parties. As of today in the region of three quarters of such applications are fully addressed within two weeks but some can be subject to longer delays. Registration is effected once the buyer has moved in to the premises thus post completion formalities is not typically top priority but if it is urgent that the the registration takes place urgently then you or your lawyers should speak with the land registry and explain the circumstances.

I am purchasing a new build house in Presteigne with a loan from HSBC Bank. The builders would not move on the price so I negotiated £7000 of additionals instead. The sale representative advised me not to tell my solicitor about the side-deal as it could impact my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Are there any apps to help locate a Presteigne solicitor on the Accord Mortgages Ltd conveyancing panel? I have a car and am happy to travel upto 25miles to meet the conveyancer.

Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of Presteigne conveyancing lawyers located nearest you. We have listed some Presteigne conveyancing firms at the bottom of this page and you can contact them to see if they are on the Accord Mortgages Ltd approved list