I am nearing an exchange on a property in Paddock Wood and my parents have sent the exchange deposit to my solicitor. I am now told that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The property lawyer is duty bound to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am purchasing a new build flat in Paddock Wood. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Paddock Wood you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Paddock Wood.
What can a local search inform me concerning the house I am buying in Paddock Wood?
Paddock Wood conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example Onsearch The local search is essential in every Paddock Wood conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
Despite weeks of looking the Title Certificate and documents to our property are lost. The solicitors who did the conveyancing in Paddock Wood 10 years ago have long since closed. What are my options?
As long as you have a registered title the information relating to your ownership will be recorded by the Land Registry with a Title Number. It is possible to carry out a search at the Land Registry, locate your house and secure current copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be retrieved for a small fee.
I have been pointed in your direction by a number of selling agents in Paddock Wood to choose a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to recommend your services over another?
We refuse to offer any financial incentive for sending work in our direction. We found it would be just too difficult a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.