My partner and I are only a couple days away from an exchange on a flat in High Wycombe and my mum and dad have sent the exchange deposit to my lawyer. I am now told that as the deposit has not arrived from me my lawyer needs to disclose this to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
Your lawyer is duty bound to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
As someone not used to the High Wycombe conveyancing process what is your top tip you can impart for the ownership transfer in High Wycombe
You may not hear this from too many lawyers but conveyancing in High Wycombe or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of room for confrontation between you and others involved in the ownership transfer. E.g., the vendor, property agent and sometimes a bank. Selecting a lawyer for your conveyancing in High Wycombe should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to protect your best interests and to protect you.
We are witnessing a worrying creep in the "blame" culture- someone has to be blamed for the process being so protracted. You should always trust your conveyancer ahead of the other players in the home moving process.
I opted to have a survey carried out on a house in High Wycombe prior to retaining conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will not grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in High Wycombe. Conveyancing will be smoother if you use a solicitor in High Wycombe especially if they are acquainted with such properties in High Wycombe.
How do I search for a High Wycombe law firm on the Yorkshire Building Society conveyancing panel? I have a car and am happy to travel upto 20miles to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a bank and your location and you will see a number of High Wycombe conveyancing lawyers located nearest you. We have listed some High Wycombe conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Yorkshire Building Society approved list
My partner has suggested that I use his conveyancing solicitors in High Wycombe. Should I use them?
Much as we are happy to recommend a High Wycombe conveyancing lawyer it’s preferable to select a conveyancing lawyer is to have referrals from friends or relatives who have experience in using the firm you're are thinking of instructing.