I am obtaining a offer of a home loan from Nat West. I would like to employ the services of a Licensed Conveyancer in Gurnard. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am approaching an exchange on a property in Gurnard and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this 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 coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The lawyer is legally required to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
At what point will exchange of contracts take place for sale conveyancing in Gurnard and am I required to attend the lawyers branch?
Where you are near to our conveyancing solicitors in Gurnard you are invited in to sign the paperwork. That being said, the lender approved solicitors we work with supply countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you electronically. The executing of the property agreement is not the point of no return. A signed contract is just a prerequisite for the conveyancer to officially exchange at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Gurnard)to be in the office at the appropriate time.
My friend suggested that if I am purchasing in Gurnard I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Gurnard conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Gurnard around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Gurnard Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Gurnard Education with maps and statistics, Local Amenities and other useful information about Gurnard.
I used Wolstenholmes a few years ago for my conveyancing in Gurnard. I now require my papers but the law firm is no longer operating. What do I do?
Do contact 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 Gurnard 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Gurnard is the location of the property. Can you shed any light on this issue?
Flying freeholds in Gurnard are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Gurnard you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gurnard 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.