My wife and I are only a couple days away from an exchange on a property in Bispham and my parents have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?

The lawyer is legally required to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.

What is the first thing I need to know about purchase conveyancing in Bispham?

Not many law firms or advisers will tell you this but conveyancing in Bispham and elsewhere in Lancashire is often a confrontational process. In other words, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the home moving process. For instance, the seller, property agent and on occasion your lender. Selecting a law firm for your conveyancing in Bispham is a critical decision as your conveyancer is your adviser, and is the ONLY party in the transaction whose interest is to act in your best interests and to protect you.

We are witnessing a distinct emergence of a "blame" culture- someone has to be blamed for the process being so protracted. We recommend that you your first instinct should be to trust your conveyancer ahead of the other parties when it comes to the legal assignment of property.

Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Bispham?

At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Bispham. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your home move in Bispham

My father-in-law has recommend that I appoint his conveyancing solicitors in Bispham. Should I find my own property lawyer?

There are no two ways about it the ideal way to choose a conveyancing solicitor is to have recommendations from friends or family who have used the firm you're are thinking of instructing.

We have selected a Bispham conveyancing solicitor for our home move (first time buyers) and have noticed in the Ts and Cs that they are not overseen by the FCA. Need I be concerned or is that the norm with solicitor?

We can't see why they should be. Most property lawyer don't lend money. They will be regulated by the SRA, who dictate strict conditions regulating amounts held on client account.