My wife and I are nearing an exchange on a house in Dulverton and my parents have sent the ten percent deposit to my solicitor. I am now told that as the deposit has not arrived from me my conveyancing practitioner needs to disclose this to my bank. 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 concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your lawyer 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 resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
The Dulverton conveyancing solicitors that I recently instructed on my purchase in Dulverton have without warning closed. They were on acting for me because I had to have a lawyer on the Clydesdale conveyancing panel and my preferred Dulverton lawyer was not. I paid them money in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
Are there restrictive covenants that are commonly identified as part of conveyancing in Dulverton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Dulverton. 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…’
How does conveyancing in Dulverton differ for newly converted properties?
Most buyers of new build or newly converted property in Dulverton come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because house builders in Dulverton tend to buy the land, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Dulverton or who has acted in the same development.
What tools are available to search for a Dulverton law firm on the Santander conveyancing panel? I have wheels and am happy to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the tool on this page. Please pick a mortgage company and your location and you will see a number of Dulverton conveyancing lawyers located nearest you. We have detailed some Dulverton conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Santander approved list
In my capacity as executor for the will of my aunt I am selling a house in Swansea but reside in Dulverton. My solicitor (based 235 miles from merequires that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Dulverton who can attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Dulverton