My wife and I are only a couple days away from an exchange on a flat in Taplow and my parents have transferred the exchange deposit to my solicitor. I am now advised that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my bank. I am advised that, in also acting for the bank he must inform 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 home loan, so is it really appropriate for him to raise this?
Your property lawyer is duty bound to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
How up to date is your database of Taplow solicitors on the Yorkshire BS conveyancing panel? Do Yorkshire BS send you an updated list?
Taplow conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Are there restrictive covenants that are commonly picked up during conveyancing in Taplow?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Taplow. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Should I be suspicious that 3rd parties that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a High Street Taplow conveyancing practice?
As with many professional services, often recommendations from family and friends can be worth their weight in gold. Yet there are numerous players in a conveyancing deal; estate agents, financial adviser and mortgage companies might all recommend conveyancers to instruct. Sometimes the solicitors might be known to one of the organisations as being good in their field, but occasionally there might be a commercial relationship behind the endorsement. You are at liberty to select your preferred conveyancer. However, bear in mind that the majority of mortgage providers specify a panel list of solicitors you must use for the mortgage related work in your conveyancing.
In my capacity as executor for the will of my aunt I am selling a property in Monmouth but reside in Taplow. My lawyer (who is 300 kilometers from meneeds me to execute a statutory declaration prior to completion. Can you recommend a conveyancing practitioner in Taplow to witness and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Taplow based
I bought a flat in Taplow last 22/5/2023 and to date it is still not recorded with HM Land Registry. It is part of a new estate and my solicitor told me that it can take twelve months to complete the registration formalities. I have called the Land Registry directly and they have informed me the initial application was cancelled due to questions not being addressed in time. Should I be concerned?
It is your conveyancer that you must contact in order to satisfy any issues which have been raised as part of the registration formalities for your Taplow property. Normal Taplow conveyancing practice includes an undertaking on the part of the seller's lawyer that they will help resolve any requisition raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.