My partner and I are nearing an exchange on a property in Martlesham and my parents have sent the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancer is obliged to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I am planning to acquire a property and require a conveyancing solicitor in Martlesham who is on the Yorkshire Building Society conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Martlesham. We dont recommend any particular firm.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The lawyers who dealt with the conveyancing in Martlesham 4 years ago no longer exist. What are my options?
Assuming the title is registered the information relating to your ownership will be retained by HMLR with a Title Number. It is possible to perform a search at the Land Registry, identify your property and order up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be ordered for a small fee.
I decided to have a survey completed on a property in Martlesham in advance of retaining solicitors. I have been advised that there is a flying freehold element to the house. The surveyor has said that some banks may not give a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Martlesham. Conveyancing will be smoother if you use a solicitor in Martlesham especially if they are familiar with such properties in Martlesham.
My cousin has recommend that I use his conveyancers in Martlesham. Should I use them?
Much as we are happy to recommend a Martlesham conveyancing lawyer the best way to select a conveyancing practitioner is to have referrals from friends or family who have actually previously instructed the firm you're contemplating using.
My wife and I are purchasing a garden flat in Martlesham. At the point of instructing our lawyer, we were told they were on all mainstream bank panels. The mortgage broker emailed just now to advise that they don't seem to be on the UBS approved list. Were it to be true, what should we do? Should we simply choose a different property lawyer that is on their panel or do we cover the costs for separate representation, with UBS selecting their own approved solicitor.
If you are buying a property requiring a mortgage it is usual for the buyer’s solicitors to also act for the mortgage company. In order to act for a bank or building society a lawyer has to be on that lender's list of approved lawyers. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the solicitor has to meet. Some building societies now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancer should contact UBS to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on UBS's conveyancing panel and you may continue to use your own Martlesham solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.