I am getting closer to an exchange on a house in Whitmore and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now advised that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancing practitioner is obliged to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Whitmore last August but our buyer keeps SMS messaging every few hours to say her lawyer needs to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your house sale your conveyancer is duty bound to deliver the transfer deeds and all additional paperwork to the purchaser's solicitors. If applicable, your lawyer should also send confirmation that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion tasks just for conveyancing in Whitmore.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Whitmore is the location of the property. Can you shed any light on this issue?
Flying freeholds in Whitmore are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whitmore you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitmore may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Should I choose a Whitmore conveyancing lawyer based in the location that I am buying? I have an old university friend who can handle the legal formalities however her office is over three hundred kilometers drive away.
The benefit of a local Whitmore conveyancing practice is that you can visit the firm to sign paperwork, deliver your identification documents and pester them where appropriate. They will also have local insight which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and on the whole were content that must outweigh using an unknown Whitmore conveyancing lawyer just because they are local.
Is it the case that all Whitmore law firms on every lender conveyancing panel?
You can use our search tool or you can drop into your local lender branch in Whitmore. the probability is that they will know some good conveyancing solicitors in Whitmore