My husband and I are only a couple days away from an exchange on a flat in Poundbury and my parents have transferred the exchange deposit to my conveyancer. 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 lender. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The solicitor is legally required to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
It is is a decade since I bought my property in Poundbury. Conveyancing lawyers have recently been appointed on the sale but I can't find my title documents. Is this a major issue?
You need not be too concerned. Firstly there is a possibility that the deeds will be kept by your mortgage company or they may be in the possession of the conveyancers who handled the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Almost all conveyancing in Poundbury involves registered property but in the rare situation where your property is not registered it is more problematic but is resolvable.
I had intended to instruct a property lawyer in Poundbury for our house move. Our broker has since advised us that our mortgage lenders Nottingham Building Society won't deal with them. Why is this not regarded as unfair competition?
A lender may direct that an approved conveyancer act for it. You would be expected to bear the charges for this. Try using our database to get a quote from a solicitor to conduct conveyancing in Poundbury on the Nottingham Building Society member panel.
I just bought a flat at auction in Poundbury. Conveyancing is required. What is next?
Now that you are to all intents and purposes signed on the dotted line you should choose a conveyancing solicitor as a matter of priority as you are facing a fast approaching deadline in which to complete the purchase. An auction property will ordinarily have an associated auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You should give this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are organised to complete the transaction on the set completion date.
Forgive me if this question is silly but I am unseasoned as a first time buyer of a garden flat in Poundbury. Do I receive the keys to the premises on the completion date from my conveyancer? If so, I will appoint a local conveyancing solicitor in Poundbury?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
We had selected solicitors based in Poundbury on the Aldermore solicitor approved list. They are now charging me a supplemental amount for the legal aspects of the Aldermore mortgage. Is this an additional conveyancing fee specified by Aldermore?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your conveyancing practitioner may levy a fee for this. This fee is not dictated by Aldermore but by your Poundbury solicitor. Plenty of firms on the Aldermore panel will quote ’dealing with mortgage’ fee and others do not.
What is different about your site and alternative internet conveyancing solicitors when it comes to conveyancing in Poundbury?
At this site get a fixed fee quote from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Poundbury. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you instruct them for your conveyancing in Poundbury
I am one month into a freehold purchase having been referred to solicitors by the selling agent to perform conveyancing in Poundbury. We are not happy. Could you help me find new solicitors?
They would need to be really poor in order to consider replacing them. Has your mortgage offer been issued? In the event that it has you must make them aware of the new contact details and have the loan are issued to the new lawyers. Your conveyancer needs to be on the mortgage company approved list to avoid supplemental costs and delays. That should be your starting point. Our search tool will assist you in finding a lender approved lawyer for your conveyancing in Poundbury