I am nearing an exchange on a property in Bexley and my parents have sent the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is duty bound to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I can see plenty of here concerning conveyancing in Bexley but can you isolate your top tip for selecting the right conveyancer in Bexley
We would encourage you not to base your choice on the lowest Bexley conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am due to exchange contracts on my flat. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Clydesdale are being pedantic. The Bexley solicitor who is on the Clydesdale conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Clydesdale are insisting on a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
After shopping around on the internet I have found a Bexley conveyancing practitioner having made sure that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Bexley surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Various online forums that I have come across warn that are the main reason for stalling in Bexley house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Bexley.
I'm refinancing my existing property to a BTL loan with National Westminster Bank and I will use the rest of the raised equity as a deposit on a second house. The area we are talking about is Bexley. Will your lawyers be able to act for the two mortgage companies and link together the conveyances?
Do use our search tool on this page to check that the solicitors are on the relevant lender panels. On the basis that they are your solicitor should be able to tie up the two deals but you should have a chat with you conveyancer and make apparent your expectations and requirements.
I am using a search engine for the phrase cheap conveyancing in Bexley it reveals numerous conveyancersin the vicinity. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The preferential way of seeking a suitable conveyancer is through a trusted testimonial, so seek the counsel of colleagues and those you trust who have purchased a property in Bexley or the reputable estate agent or mortgage broker. Charges for conveyancing in Bexley vary, so it's a good idea to obtain a minimum of four fee estimates from different property lawyers. Be sure to obtain confirmation that the charges are assured not to escalate.