My partner and I are only a couple days away from an exchange on a house in Stratford and my parents have transferred the ten percent deposit to my solicitor. I am now told that as the deposit has not come from me my solicitor needs to make a notification 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 bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
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. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
What is the optimum way to investigate if the solicitor handling my conveyancing in Stratford is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Virgin Money thus paying £187.00 plus VAT in additional conveyancing fees.
Please do take advantage of the search tool on this page. Pick the mortgage company and type ‘Stratford’ or your location and you will see numerous conveyancers based in Stratford or by proximity to you.
Me and my partner are buying a property in Stratford. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to deposit funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am helping my niece sell her property in Stratford. Will the solicitor arrange an energy performance certificate or it is for me to coordinate?
After the abolition of HIPs, energy performance certificates was left as a required element of moving house. An energy assessment should be to hand prior to the property being marketed. This is not something that conveyancers normally organise. If you are using a Stratford conveyancing lawyer they might help arrange EPC’s given their contacts with long established local assessors
We had appointed solicitors located in Stratford on the Yorkshire BS solicitor panel. They are now charging me a further sum for dealing with the Yorkshire BS mortgage. Is this a supplemental conveyancing fee set by Yorkshire BS?
Provided it is contained in their Terms of Engagement or estimate then yes your property lawyer can levy a fee for this. The charge is not set by Yorkshire BS but by your Stratford lawyer. Numerous firms on the Yorkshire BS panel will charge ’dealing with mortgage’ fee and others do not.
I used Action Conveyancing several years past for my conveyancing in Stratford. I now require my papers however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stratford of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a ground for flat up to £245,000 and found one near me in Stratford I like with open areas and railway links in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Stratford in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage that many years will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Is it possible to switch solicitor as I need to appoint one who is on the Alliance & Leicester conveyancing panel. I was using a family conveyancing solicitor in Stratford five minutes from me but he is not approved by Alliance & Leicester
It would be our pleasure to assist you select a conveyancing solicitor in Stratford on the Alliance & Leicester panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Stratford. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Stratford.