My wife and I are getting closer to an exchange on a house in Timsbury and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your solicitor 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 funds. The solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Do lawyers request money on account when it comes to conveyancing in Timsbury?
Where you are retaining lawyers for conveyancing in Timsbury your lawyer will request that you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the total price then this will be asked for immediately before exchange of contracts. The final balance that is due should be transferred a few days prior to the completion date.
After weeks of negotiation I have agreed a price on a house in Timsbury. My mortgage broker suggested a conveyancing practitioner. I paid an upfront payment of £225. A few days later, the property lawyer called me sheepishly admitting that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told two weeks ago that my mortgage has been agreed to by Clydesdale. Is it usual for Clydesdale to only issue the offer once my solicitor in Timsbury is approved on their conveyancing panel? Clydesdale have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on a maisonette in Timsbury agreed to, the sellers do however have a dependent purchase. The sellers have offered on a property, but it’s not yet agreed to, and are looking at other apartments booked. I have selected a bricks and mortar conveyancing solicitor in Timsbury. What do I do now? At what stage do I apply for the mortgage with Nationwide?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, Timsbury conveyancing search charges, etc). First, you should check that your lawyer is on the Nationwide conveyancing panel. Concerning the next steps this very much depends on the circumstances of your case, motivation for the property and on the state of the market. In a buoyant market some buyers will apply for the mortgage with Nationwide and arrange for the valuation and only if it was satisfactory would they pay their solicitor to move forward with the conveyancing in Timsbury.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Timsbury and how can your lawyers assist?
The 1954 Act provides a safeguard to business leaseholders, giving them the a statutory right to apply to court for a renewal tenancy and remain in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in Timsbury
We're new on the property ladder - had an offer accepted, but the selling agent advised that the seller will only go ahead if we use their preferred solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in Timsbury
We suspect that the owner is unaware of this ultimatum. If they desire ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Try to communicate with the owners directly and make sure they understand (a)you are genuine buyers (b)you are ready to progress, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)however you are going to appoint your preferred Timsbury conveyancing lawyers - not the ones that will provide the negotiator at the agency a commission or hit his conveyancing figures set by head office.