We are getting closer to an exchange on a flat in Shropshire and my mum and dad have transferred the exchange deposit to my lawyer. I am now advised that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my mortgage company. 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 mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your conveyancing practitioner is obliged to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
What is the first thing I need to know about purchase conveyancing in Shropshire?
Not many law firms shout this from the rooftops but conveyancing in Shropshire or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there is plenty of room for friction between you and others involved in the transaction. For example, the vendor, property agent and sometimes the bank. Choosing a law firm for your conveyancing in Shropshire is a critical decision as your conveyancer is your adviser, and is the SOLE person in the transaction whose role it is to act in your best interests and to protect you.
On occasion a potential adversary may try and convince you that it is in your interests to do things their way. For example, the selling agent may claim to be helping by suggesting your lawyer is slow. Or your mortgage broker may advise you to do take action that is against your solicitors recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
A colleague suggested that if I am buying in Shropshire I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Shropshire conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Shropshire around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Shropshire Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Shropshire.
Hoping to buy a property located in Shropshire and I am already nervous. I couldn't find anything specific about Shropshire. Conveyancing will be needed in due course but do you know about the Shropshire area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Shropshire. In the meantime here are some basic statistics that we found
In searching the web for the words conveyancing in Shropshire it reveals numerous conveyancerslocally. With so much choice what is the best way to find the suitable solicitor for my move?
The ideal way of seeking the right conveyancer is through a trusted testimonial, so seek the counsel of colleagues and relatives who have acquired a property in Shropshire or the respected estate agent or mortgage broker. Charges for conveyancing in Shropshire differ, so it's a good idea to request at least four estimates from different property lawyers. Dont forget to clarify that the charges are guaranteed not to increase.