My husband and I are nearing an exchange on a property in West Hendon and my parents have sent the ten percent deposit to my solicitor. I am now told that as the deposit has not come from me my conveyancer needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The solicitor is obliged to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to instruct a high street conveyancing solicitor in West Hendon?
You should check but the chances are that allocate you one of their panel lawyers should you want the "fee-free" offer. Speak to the lender to determine if they offer you a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near West Hendon.
Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a garden flat in West Hendon. Do I collect the keys to the premises on completion from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in West Hendon?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s solicitors, and once they have received this, you will be able to collect the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
Can you point me to a directory of UBS panel conveyancers in West Hendon on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings open the public over the internet. Where you are in need of a West Hendon conveyancer on the UBS please use our facility.
I recently had an offer agreed on an apartment in West Hendon. My financial adviser suggested a conveyancing practitioner. I paid an on account payment of £225. A couple of days later, the conveyancer called me sheepishly admitting that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require expedited conveyancing in West Hendon as I am under pressure to complete inside 4 weeks. Luckily I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you have the choice not to have searches carried out although no lawyer would advise that you don't. Drawing on our experience of conveyancing in West Hendon the following are instances of issues that can appear and adversely affect the marketability of the property: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, no chain conveyancing. West Hendon is where the house is located. Can you offer any opinion?
Flying freeholds in West Hendon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in West Hendon you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Hendon may decide 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 premises.