My husband and I are nearing an exchange on a house in Dawlish and my parents have transferred the ten percent deposit to my property lawyer. 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 mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
The solicitor is legally required to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
My lender has recommended a law firm on their panel based in Dawlish but I would rather choose a conveyancing lawyer in Dawlish or nearer to where I live. Are you able to assist?
It is by no means the case that all Dawlish conveyancing practices are on all banks conveyancing panel. Do make use of the above find an approved solicitor tool to find a Dawlish conveyancing solicitor on the on the mortgage company panel.
I got the keys to my home on 13 July and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Dawlish said it would be dealt with in a couple of weeks. Are properties in Dawlish particularly slow to register?
There is nothing unique when it comes to conveyancing in Dawlish registration formalities. Rather than based on location, timeframes can vary according to who lodges the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. As of today in the region of three quarters of submission are completed within 12 days but occasionally there can be protracted hold-ups. Historically registration takes place once the new owner has moved in to the premises thus 'speed' is not always primary concern yet where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Dawlish differ for new build properties?
Most buyers of new build property in Dawlish approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Dawlish tend to acquire 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 conveyancers 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 Dawlish or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a quick, chain free conveyancing. Dawlish is where the house is located. Can you shed any light on this issue?
Flying freeholds in Dawlish are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Dawlish you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dawlish may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing practitioner in Dawlish for my home move. Can I see a firm’s record with the profession’s regulator?
You can search for presented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA may recorded call for training requirements.