My partner and I are approaching an exchange on a property in Horley and my mum and dad have sent the 10% deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my lender. I am advised that, 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 advised the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor is duty bound to check with mortgage company 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 lender if you permit them to, failing which, your lawyer must cease to continue acting.
My brother-in-law has suggested I instruct a conveyancing solicitor in Horley. I I am struggling to find out if they are on the TSB conveyancing panel. Could you advise?
You should e-mail your lawyer and enquire if they are on the lender panel. Alternatively please call TSB who may be able to assist.
Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial estate in Horley?
Many commercial conveyancing solicitors in Horley will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Horley. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Horley.
For every commercial conveyancing transaction in Horley it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Horley commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Horley.
How does conveyancing in Horley differ for new build properties?
Most buyers of new build property in Horley come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is finished. This is because builders in Horley typically acquire the real estate, 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 property lawyers 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 Horley or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Horley prior to instructing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders may not grant a loan on such a home.
It depends who your proposed lender is. HSBC has different instructions from Halifax. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Horley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Horley to see if the conveyancing costs will increase in light of this.
I need to retain a conveyancing solicitor for freehold conveyancing in Horley. I have chance upon a site which appears to be the ideal answer If there is a chance to get all this stuff completed via web that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?