Much to our surprise we have been told by our estate agent that my Bury lawyer is not on the mortgage company Solicitor panel. What can I do to be sure that this is correct?
Your first step should be to call your Bury conveyancer. You lawyer should inform you what has happened. If they are not on the panel they may recommend you to a Bury conveyancing firm that is on the approved list of lawyers for your mortgage company.
My partner and I are only a couple days away from an exchange on a house in Bury and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The solicitor is duty bound to clarify with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Our mortgage company has recommended a law firm on their panel based in Bury but I would rather use a conveyancing lawyer in Bury round the corner to me. Can you assist?
The minority of Bury conveyancing practitioners are approved and listed on all lender’s conveyancing panel. Use our search tool to choose a Bury conveyancing solicitor on the on the bank panel.
I used Arc property Solicitors several years past for my conveyancing in Bury. Now, I need my files however the law firm has closed. What do I do?
You should call 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 Bury of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Bury differ for newly converted properties?
Most buyers of new build property in Bury contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Bury tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bury or who has acted in the same development.
We're FTB’s - had an offer accepted, but the property agent told us that the owners will only issue a contract if we instruct their recommended solicitors as they want an ‘expedited deal’. We would rather use a family conveyancer with experience of conveyancing in Bury
It is unlikely the sellers are driving this. Should the vendor desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Bury conveyancing firm - as opposed tothe ones that will provide their estate agent a referral fee or achieve conveyancing thresholds pre-set by senior management.