My husband and I are nearing an exchange on a house in Morden Park and my mum and dad have transferred the 10% deposit to my conveyancer. I am now advised that as the deposit has not come from me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The lawyer is legally required to clarify with lender to make sure that they are aware 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Morden Park
There are many recorded licenced Conveyancers in Morden Park and Solicitor firms in Morden Park offering conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Forgive me if this question is silly but I am new to the home buying as FTB of a ground floor flat in Morden Park. Do I collect the keys to the house on completion from my solicitor? If this is the case, I will instruct a local conveyancing solicitor in Morden Park?
On the day of completion you will not be required to go to the conveyancers office in Morden Park. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you should be invited to pick up the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
A friend advised me that in buying a property in Morden Park there may be various restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Morden Park which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Morden Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Me and my brother purchased a semi-detached Edwardian house in Morden Park. Conveyancing lawyer acted for me and Bank of Ireland. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Morden Park and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing solicitor who completed the work.
I'm refinancing my current house to a buy to let mortgage with Bank of Scotland and intend to use the remaining equity as a deposit on further house. The neighborhood we are looking at is Morden Park. Will your conveyancers be able to act for both sets of mortgage companies and link together the transactions?
Make use of our comparison tool on this page to check that the solicitors are on the relevant lender panels. Having checked that they are your solicitor will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and make apparent your expectations and needs.
We're FTB’s - agreed a price, but the agent advised that the owners will only proceed if we use the agent's recommended conveyancers as they want an ‘expedited deal’. We would rather use a family conveyancer who is familiar with conveyancing in Morden Park
It is unlikely the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Contact the sellers directly and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you are going to instruct your own,trusted Morden Park conveyancing firm - not the ones that will earn the negotiator at the agency a referral fee or achieve conveyancing thresholds pre-set by corporate headquarters.
Is it necessary during the course of the conveyancing process to attend the offices of the bank conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Morden Park so that I can attend their offices if necessary.
Most conveyancing panel lawyers for the lender undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Morden Park. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.