We are nearing an exchange on a property in Bolton and my mum and dad have sent the exchange deposit to my lawyer. I am now informed that as the deposit has not arrived from me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is obliged to check with the bank to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Bolton so that I can attend their offices if necessary.
As opposed to twenty years ago, almost all banks no longer require their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to hand over identification documents and there are still manifest advantages to using a local solicitor, in your case a conveyancing solicitor in Bolton.
This question may be naive but I am new to the home moving as a first time buyer of a two bedroom flat in Bolton. Do I collect the keys to the premises on the completion date from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Bolton?
On the day of completion you do not need to go to the conveyancers office in Bolton. Your solicitors will arrange to send the purchase money to the seller's solicitors, and shortly after the monies have arrived, you should be invited to receive the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
My uncle advised me that in purchasing a property in Bolton there could be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Bolton which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Bolton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I can not work out if my mortgage offer requires a lease extension. I have called into my local Bolton building society branch on a couple of occasions and was advised it wasn't a problem and they would lend. My Bolton conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
Your lawyer has to comply with the Council of Mortgage Lenders’ Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Is it possible to swap solicitor as I have to select a firm on the TSB conveyancing list. I instructed a family conveyancing solicitor in Bolton five minutes from me but he is not accepted by TSB
It would be our pleasure to assist you find a conveyancing solicitor in Bolton on the TSB panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Bolton. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Bolton.
We are four weeks into a freehold purchase having been recommend to a firm by the high street agent to carry out the conveyancing in Bolton. I am am extremely frustrated with the quality of service. Could you help me find new solicitors?
They would have to be really poor in order to consider diss instructing them. Has your mortgage offer been sent? In the event that it has you must advise them of the replacement solicitor and get the mortgage documents are re-sent. Your solicitor ideally needs to be on the mortgage company approved list to avoid added expenses and frustration. That should be your starting point. The find a solicitor tool will help you find a lender approved lawyer for your home move in Bolton
Why is it not possible to complete my conveyancing in Bolton on Easter Monday?
Because on completion the sale price needs to be transferred electronically between the banks of the purchaser and seller's conveyancing practitioner and currently this can only occur on a business day. It is not possible to complete on a weekend either.