My wife and I are approaching an exchange on a flat in Moorgate and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your property lawyer is duty bound to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Are the Moorgate conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
Moorgate conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
What does a local search tell me about the property we're buying in Moorgate?
Moorgate conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company such as PSG The local search plays an important role in most Moorgate conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should reveal 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 thirteen topic areas.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Moorgate is where the house is located. Can you offer any advice?
Flying freeholds in Moorgate are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Moorgate you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Moorgate 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 property.
Is it possible to change conveyancer as I have to select one who is on the Godiva Mortgages Ltd conveyancing panel. I instructed a local conveyancing solicitor in Moorgate round the corner but the firm is not accepted by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Moorgate on the Godiva Mortgages Ltd panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Moorgate. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Moorgate.
How easy is it to change a solicitor as I need to find a Moorgate based firm who is on the mortgage company conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet appointed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Moorgate that you're thinking of instructing.