My partner and I are getting closer to an exchange on a flat in Borth Y Gest and my parents have transferred the 10% deposit to my conveyancer. I am now advised that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?

The property lawyer is duty bound to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.

When does exchange of contracts occur in domestic conveyancing in Borth Y Gest and am I required to be at the conveyancers branch?

If you are local to one of the conveyancing solicitors in Borth Y Gest you are invited in to sign contracts. That being said, the lender approved solicitors we recommend supply a countrywide conveyancing service and give as equally comprehensive and professional a job for you when dealing with you electronically. The executing of the purchase agreement is not the point of no return. A signed contract simply enables the solicitor to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Borth Y Gest)to be in the office available at the end of the phone to exchange contracts.

My friend suggested that if I am buying in Borth Y Gest I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually included in the estimate for your Borth Y Gest conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Borth Y Gest around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Borth Y Gest Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Borth Y Gest Education with plans and statistics, Local Amenities and other useful data concerning Borth Y Gest.

About to purchase a new build apartment in Borth Y Gest. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Borth Y Gest

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Our lenders have just issued us with a mortgage offer. We instructed a high street conveyancer in Borth Y Gest last week. Today, our broker contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we did not have a clue that the lender had some control over our choice Is this usual?

You can actually select any conveyencer you want to instruct including the said conveyancer in Borth Y Gest however if your lender aren't happy with them you would have to incur an extra fee so the mortgage company can retain their own lawyers. sometimes it is conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. Do make the most of online search facilities such as lenderpanel.com to find a conveyancing solcitor in Borth Y Gest on the bank panel. You can go into your high street mortgage company branch in Borth Y Gest. They will know some good conveyancing solicitors in Borth Y Gest on the bank panel.