My husband and I are getting closer to an exchange on a property in Plaistow and my parents have sent the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my property lawyer needs to disclose this to my lender. I am advised that, 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 bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your lawyer is duty bound to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are looking to buy a house and need a conveyancing solicitor in Plaistow who is on the Co-operative conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Plaistow.
Please help - my lawyer advises that missing deeds insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Plaistow?
The right level of missing deeds indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and Norwich and Peterborough Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.
I am buying a property in Plaistow. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
As you are obtaining a mortgage with Barclays your lawyer must check the formal instructions contained in Section two of UK Finance Lenders’ Handbook for Barclays. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and solicitors are required to report to Barclays where a lease does not satisfy these provisions. The requirements relate to the installation of panels on properties nationwide and is not isolated to Plaistow.
I am due to exchange contracts on my apartment. I had a double glazing fitted in December 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Co-operative are being difficult. The Plaistow solicitor who is on the Co-operative conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Will commercial conveyancing searches disclose proposed roadworks that could affect a commercial property in Plaistow?
Its becoming the norm that commercial conveyancing solicitors in Plaistow will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Plaistow. The report sets out definitive information 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 Plaistow.
For each commercial conveyancing transaction in Plaistow it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Plaistow commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Plaistow.
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, no chain conveyancing. Plaistow is the location of the property. Can you shed any light on this issue?
Flying freeholds in Plaistow are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Plaistow you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Plaistow may ascertain 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.
My mum and dad are encountering problems in finding their Plaistow property on the HM Land Registry online search facility. They have a vague memory back in the 60’s when they purchased the bungalow there were complications with Plaistow not being identified on some systems.
The vast majority of residences in Plaistow should be revealed. Have you endevoured to search to simply the postcode. Ordinarily it should reveal all the properties within that postcode. Where recorded it will show up with a title number. If they bought 48 years ago it's conceivable it may be not yet registered. The address might still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title deeds which might be with your parent’s lender.