We are approaching an exchange on a flat in Forest of Dean and my parents have transferred the 10% deposit to my conveyancer. I am now told that as the deposit has not arrived from me my solicitor needs to disclose this to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The property lawyer is duty bound to check with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am buying a semi-detached house in Forest of Dean. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Forest of Dean you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Forest of Dean.
Do I need to pay for insurance to cover chancel repairs when buying a residence in Forest of Dean?
Unless a prior acquisition of the house completed post 12 October 2013 you may assume that lawyers carrying out conveyancing in Forest of Dean to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Forest of Dean?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Forest of Dean. 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…’
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Forest of Dean is the location of the property. Is there any guidance you can impart?
Flying freeholds in Forest of Dean are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Forest of Dean you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Forest of Dean may decide 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 premises.
In my capacity as executor for the will of my uncle I am disposing of a property in Swansea but reside in Forest of Dean. My lawyer (based 250 kilometers from meneeds me to execute a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Forest of Dean who can attest this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Forest of Dean based