We are only a couple days away from an exchange on a house in Buckinghamshire and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The lawyer is legally required to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
It is 10 years ago since I purchased my property in Buckinghamshire. Conveyancing solicitors have just been instructed on the sale but I can't track down my title deeds. Will this cause complications?
Don’t worry too much. First there is a chance that the deeds will be kept by the lender or they may be in the possession of the solicitor who handled the purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Buckinghamshire relates to registered property but in the rare situation where your property is unregistered it is more tricky but is resolvable.
We are buying a house in Buckinghamshire. It might be a silly question but how we can trust a lawyer? On the day of competition we will need to put funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Can you point me to a directory of UBS panel solicitors in Buckinghamshire on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings viewable on the web. Where you are in need of a Buckinghamshire solicitor on the UBS please make the most of our facility.
My offer was accepted on a house in Buckinghamshire on 23/5/2024, valuation was booked 4 days later, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
We are planning on selling our house in Buckinghamshire and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Buckinghamshire conveyancer would know this is not the case. It does beg the question why the buyers are using a nationwide conveyancing firm rather than a conveyancing solicitor in Buckinghamshire. We have lived in Buckinghamshire for 4 years we know of no issue. Do we contact our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Are there restrictive covenants that are commonly identified during conveyancing in Buckinghamshire?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Buckinghamshire. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the input of my in-laws I had a survey completed on a property in Buckinghamshire ahead of instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend not give a loan on such a property.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Buckinghamshire. Conveyancing may be slightly more expensive based on your lender's requirements.