We are only a couple days away from an exchange on a property in Bideford and my mum and dad have sent the exchange deposit to my property lawyer. I am now advised that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancing practitioner is duty bound to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can you clarify what the consequences are if my solicitor is expelled from the UBS Solicitor panel ahead of completing my conveyancing in Bideford?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I require expedited conveyancing in Bideford as I am faced with pressure to complete in less than one month. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Bideford the following are examples of what can crop up and adversely impact the marketability of the property: Enforcement Notices, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
I used Arc property Solicitors a few years ago for my conveyancing in Bideford. Now, I need my documents however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bideford of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a house in Bideford before retaining solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders may not grant a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bideford. Conveyancing may be slightly more expensive based on your lender's requirements.
What is the best way to find the right lawyer for my conveyancing in Bideford ?
Option 1 is to ask your friends and family who they used in the past and if they were happy with the service. Option 2 is to search the internet for conveyancing in Bideford. Telephone two or three from the list and request that they email you their conveyancing fees and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Option 3 is to use our search tool to help you find the right lawyers for you based on your unique factors including location,speed, complexity and who the proposed lender is.Resist the temptation to appoint lowest cost conveyancing solicitors in Bideford