I was advised recently by my broker that my Timperley the law firm I have appointed is not on the mortgage company Solicitor panel. What can I do to be sure whether this is correct?
You need to contact your Timperley conveyancer. You lawyer should advise you of the situation. Where they are not on the panel they may recommend you to a Timperley conveyancing practice that is on the approved list of lawyers for your bank.
We are getting closer to an exchange on a house in Timperley and my parents have transferred the ten percent deposit to my property lawyer. I am now informed that as the deposit has not come from me my property lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancing practitioner is duty bound to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Timperley so that I can pop in to their offices if required.
Whereas this was necessary 12 years ago, most mortgage companies no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to provide ID documents and there are still manifest advantages to choosing a locally based solicitor, in your situation a conveyancing solicitor in Timperley.
A friend recommended that where I am purchasing in Timperley I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Timperley conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Timperley around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Timperley Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Timperley Education with maps and statistics, Local Amenities and other useful information about Timperley.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Timperley is where the house is located. Can you shed any light on this issue?
Flying freeholds in Timperley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Timperley you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Timperley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.