We are approaching an exchange on a property in Grays and my parents have transferred the 10% deposit to my conveyancer. I am now told that as the deposit has not come from me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your property lawyer is obliged to check with the bank 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.
What is the first thing I need to know about purchase conveyancing in Grays?
You may not hear this from too many lawyers but conveyancing in Grays and elsewhere in England and Wales is often a confrontational process. Put another way, when it comes to conveyancing there exists lots of room for confrontation between you and other parties involved in the transaction. E.g., the vendor, property agent and even potentially a lender. Appointing a lawyer for your conveyancing in Grays an important selection as your conveyancer is your adviser, and is the ONLY person in the legal process whose responsibility is to protect your legal interests and to protect you.
We are witnessing a distinct creep in the "blame" culture- someone has to be blamed for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer ahead of the other players when it comes to the legal transfer of property.
Various internet forums that I have frequented warn that are a common cause of obstruction in Grays conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Grays.
I am buying a new build apartment in Grays. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Grays
Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Are there any apps to assist me to search for a Grays law firm on the Halifax conveyancing panel? I have wheels and am willing to travel upto 25miles to meet the solicitor.
Feel free to make use of the search on this page. Please select a bank and your location and you will see a number of Grays conveyancing lawyers based on proximity. We have detailed some Grays conveyancing firms towards the end of this page and you can call them to verify whether they are on the Halifax member panel
The mortgage broker has suggested using their property lawyer for our conveyancing in Grays - Surely it’s advisable to just use them?
It is worth checking if the selling agent is recommending a lawyer or introducing to a property lawyer. There are plenty of Grays estate agents who recommend two or three Grays conveyancing firms purely based on those lawyers offering a great service.