My wife and I are getting closer to an exchange on a flat in Alcester and my parents have sent the exchange deposit to my property lawyer. I am now informed that as the deposit has not come from me my property lawyer needs to disclose this to my bank. Apparently, 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 about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancing practitioner is legally required to check with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when purchasing a property in Alcester?
Unless a previous purchase of the house took place after 12 October 2013 you can assume that solicitors conducting conveyancing in Alcester to remain encouraging a chancel search and or chancel repair liability policy.
I am looking for a flat up to £245,000 and found one close by in Alcester I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Alcester in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the remaining unexpired lease term will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I am selling my home. My former lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Alcester if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Alcester. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
Is it best to use a Alcester conveyancing practitioner in close proximity to the house I am purchasing? We have a good friend who can deal with the legal work but her office is 300miles away.
The primary upside of using a local Alcester conveyancing practice is that you can pop in to sign documents, hand in your identification documents and apply pressure on them if necessary. Having local Alcester know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were content that must trump using an unfamiliar Alcester conveyancing lawyer solely due to them being round the corner.
We yesterday found out that one of the directors of the law firm handling the purchase conveyancing in Alcester is a relative of the vendor. Is this permitted?
As long as there is no conflict of interest this is permitted. Where you are obtaining mortgage finance then the mortgage company may have a say as many lenders have specific instructions concerning this. For example for Nationwide Building Society as of 20/4/2026, the requirements read as follows :