My partner and I are only a couple days away from an exchange on a property in Woodside Park and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my lawyer needs to make a notification to my mortgage company. Apparently, 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 advised the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
Your property lawyer is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My lawyer in Woodside Park has never been on on the Norwich and Peterborough Building Society Solicitor Panel. Is it possible for me to use my family solicitor notwithstanding that they are not on the Norwich and Peterborough Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Woodside Park lawyers but Norwich and Peterborough Building Society will need to use a lawyer on their panel. This will inevitably rack up the overall legal fees and cause delays.
- Get an alternative lawyer to to deal with the purchase, not forgetting to check they are Norwich and Peterborough Building Society approved.
- Try to convince your Norwich and Peterborough Building Society solicitor to try to join the Norwich and Peterborough Building Society panel
Do commercial conveyancing searches reveal proposed roadworks that could affect a commercial site in Woodside Park?
Many commercial conveyancing solicitors in Woodside Park will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Woodside Park. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Woodside Park.
For each commercial conveyancing transaction in Woodside Park it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Woodside Park commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Woodside Park.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Woodside Park is where the house is located. Is there any advice you can give?
Flying freeholds in Woodside Park are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woodside Park you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodside Park 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 premises.
How simple is it to switch firm as I need to appoint one who is on the The Royal Bank of Scotland conveyancing list. I was using a local conveyancing solicitor in Woodside Park five minutes from me but the firm is not approved by The Royal Bank of Scotland
It would be our pleasure to help you select a conveyancing solicitor in Woodside Park on the The Royal Bank of Scotland panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Woodside Park. In utilising search facility on this site, you can compare fees for conveyancing solicitors in Woodside Park and beyond.
In scouring the web for the term on line conveyancing in Woodside Park it shows results of many conveyancersin the area. With so much choice what is the best way to find the right property lawyer for me?
The best method of choosing the right conveyancer is through a personal recommendation, so enquire of colleagues and family who have bought a property in Woodside Park or the respected estate agent or mortgage broker. Fees for conveyancing in Woodside Park vary, so it's sensible to obtain at least three fee calculations from varying types of property lawyers. Make sure that you know what costs in the quote includes.