My partner and I are getting closer to an exchange on a flat in Bulwell and my mum and dad have sent the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my conveyancer needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your property 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 disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We are planning to acquire a flat and require a conveyancing solicitor in Bulwell who is on the Clydesdale conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Bulwell.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Bulwell. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
Given you plan to refinance then Skipton will require that you use a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
There are numerous conveyancing solicitors in Bulwell but how do I know who I should use?
Do not opt for the cheapest Bulwell conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I happen to be the single beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Bulwell. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my proprietorship will be regarded the same way as though I had purchased the house in January. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some mortgage companies would take a sensible view as this obligation primarily exists to capture subsales or the quick reselling of properties.
I have decided to exercise my right to buy my property in Bulwell off the council. I have a mortgage offer with Santander. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
I am a couple of weeks into a residential purchase having been recommend to conveyancers by the high street agent to perform conveyancing in Bulwell. I am not happy. Could you you assist me in finding new lawyers?
A solicitor would need to be very poor in order to consider changing them. Has your mortgage been sent? In the event that it has you need to advise them of the replacement solicitor and have the mortgage documents are re-sent. Your solicitor ideally should be on the mortgage company approved list to avoid escalating charges and delays. So that should be your first question of the new lawyers. Our find a solicitor tool should help you find a lender approved conveyancer for your home move in Bulwell