My husband and I are nearing an exchange on a flat in Bristol and my mum and dad have sent the ten percent deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my solicitor needs to make a notification to my mortgage company. Apparently, 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 advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancing practitioner is legally required to check with lender to ensure that they are aware 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.
I am purchasing a semi-detached house in Bristol. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Bristol you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bristol.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who did the conveyancing in Bristol 5 years ago are no longer around. What are my options?
Assuming you have a registered title the details of your ownership will be evidenced by HMLR under a Title Number. It is possible to conduct a search at the Land Registry, find your property and order current copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
I have been on the look out for a flat up to £235,500 and found one round the corner in Bristol I like with amenity areas and transport links in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Bristol for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
It's been quite a while since I've bought a property. A quick search suggests that the costs range considerably. Can you suggest a trustworthy Bristol property lawyer that will help me as well as represent Clydesdale?
The purpose of this site is restricted to being a directory service for conveyancing practitioners who wish to be listed as being on the approved conveyancing panel for Clydesdale in certain areas for example Bristol . We dont recommend any specific conveyancer.