My partner and I are approaching an exchange on a house in Upney and my parents have sent the exchange deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
The solicitor is legally required to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I am refinancing my home in Upney, does my lawyer have to be on the Barclays Conveyancing panel?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Upney is the location of the property. Can you offer any advice?
Flying freeholds in Upney are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Upney you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upney 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.
How can the Landlord & Tenant Act 1954 impact my business property in Upney and how can your lawyers assist?
The particular law that you refer to affords protection to commercial tenants, granting the dueness to make a request to court for a renewal lease and continue in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Upney
I am thinking of appointing a conveyancing practitioner in Upney for my purchase. Is it possible to see a solicitor's record with the profession’s regulator?
Members of the public may see documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training purposes.
I am looking to purchase a repression house in Upney and the bank selling would like to complete within 28 days. Do conveyancers complete in this timeframe? Would it be better to select a high street Upney firm or an online company that advertises to complete quickly?
Visit your Upney shopping parade. Pop in to a couple of firms and ask to see a conveyancing solicitor for an estimate. Explain your needs and get assurances on speed. Choose the one that comes across as most efficient. Be sure to choose a lawyer on the panel of solicitors who can act for your bank.