I am approaching an exchange on a flat in Wooburn Green and my mum and dad have transferred the exchange deposit to my property lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your lawyer is legally required to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
My property lawyer in Wooburn Green is not on the Leeds Building Society Solicitor Panel. Can I still continue with my prefered solicitor notwithstanding that they are excluded from the Leeds Building Society approved list?
Your options are as follows:
- Carry on with your existing Wooburn Green solicitors but Leeds Building Society will need to use a lawyer on their panel. This will result in additional total legal charges as well as cause delays.
- Find an alternative solicitor to act in the conveyancing, obviously checking they are Convince your solicitor to use their best endeavours to join the Leeds Building Society conveyancing panel
We are aiming to move home in January. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you put forward a removal company in Wooburn Green. Conveyancing lawyer was found prior to coming across your site.
On the day of completion you can collect the keys from the property agent however this can only be done once the sellers lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you will need to advise the removal men that you are ready to move in. We do not recommend a particular removal company but can help you find a conveyancing in Wooburn Green or a firm that specialises in conveyancing in Wooburn Green.
I'm the only beneficiary of my late father’s estate with all property in now in my sole name, including the house in Wooburn Green. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I understand that there is a CML 6 month 'rule', meaning my property ownership could be considered the same way as though I had purchased the house in October. Do I have to wait half a year to sell?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How practical a view lenders take of it, depend on the bank as this obligation is primarily there to capture the purchase and immediately sell or the wholesaling and assigning of properties.
is it true that all Wooburn Green solicitor firms on the Clydesdale conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Clydesdale approved list of solicitors they would need to be governed by the SRA. Some banks do allow licenced conveyancers on their panel and in that case the organisation would be governed by the Council of Licensed Conveyancers.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Wooburn Green is where the house is located. Can you offer any advice?
Flying freeholds in Wooburn Green are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wooburn Green you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wooburn Green 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.
Taking into account that I am about to spend £400,000 on a garden flat in Wooburn Green I wish to talk to a lawyer concerning thehouse move ahead of instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be doing your property ownership legalities in Wooburn Green.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Wooburn Green should be the amount on the final invoice that you end up paying.