My financial adviser has requested my Salcombe solicitor’s panel member for the Lloyds conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local Salcombe branch but they cant find it on their system.
You are best placed to get this information from your Salcombe solicitor . Most Salcombe law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I am getting closer to an exchange on a flat in Salcombe and my parents have transferred the 10% deposit to my solicitor. I am now told that as the deposit has not arrived from me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
Your property lawyer is legally required to check with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
The Salcombe conveyancing lawyers that just started acting on my purchase in Salcombe have suddenly shut down. I only went with them because I had to have a solicitor on the Nationwide conveyancing panel and my previous Salcombe lawyer was not. I gave my credit card details for them to take £195 for searches. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Nationwide conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
About to purchase a new build flat in Salcombe. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Salcombe
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I decided to have a survey completed on a house in Salcombe before instructing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may not grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Salcombe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Salcombe to see if the conveyancing costs will increase in light of this.
I need to retain a conveyancing solicitor for remortgage conveyancing in Salcombe. I've discover a web site which looks to be the perfect solution If there is a chance to get all this stuff completed via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?