I am nearing an exchange on a house in Selston and my parents have transferred the exchange deposit to my lawyer. I am now advised that as the deposit has not arrived from me my solicitor needs to make a notification to my bank. Apparently, 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 informed the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your conveyancer is legally required to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
As a first time buyer what is the most important piece of guidance you can impart about purchase conveyancing in Selston?
You may not hear this from too many lawyers but conveyancing in Selston or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is an abundance of room for confrontation between you and others involved in the transaction. For example, the vendor, estate agent and on occasion the bank. Choosing a solicitor for your conveyancing in Selston is a critical decision as your conveyancer is your adviser, and is the ONLY party in the transaction whose responsibility is to look after your legal interests and to protect you.
On occasion a potential adversary may attempt to persuade you that it is in your interests to do things their way. For instance, the property agent may claim to be helping by suggesting your solicitor is slow. Or your mortgage broker may try to convince you to do take action that is against your lawyers recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
I am intent on selling our property in Selston and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Selston conveyancer would know that there is no such problem. It does beg the question why the buyers used an online conveyancing firm rather than a conveyancing solicitor in Selston. We have lived in Selston for six years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
My wife and I own a renovated Victorian house in Selston. Conveyancing solicitor represented me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching property. Is it worth asking Nationwide Building Society to clarify?
You should read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Selston and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who conducted the work.
What does commercial conveyancing in Selston cover?
Selston conveyancing for business premises incorporates a broad array of advice, given by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
My father has suggested that I instruct his conveyancers in Selston. Do I take his advice?
No doubt the best way to choose a conveyancing lawyer is to seek guidance from friends or relatives who have actually used the firm you're contemplating using.