I am approaching an exchange on a flat in Oundle and my parents have sent the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my lender. I am advised that, 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 disclosed to the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is obliged to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
When will exchange of contracts occur in sale conveyancing in Oundle and do I need to attend the lawyers office?
If you are round the corner to our conveyancing solicitors in Oundle you are invited in to sign the paperwork. That being said, the lender approved solicitors we recommend supply a nationwide conveyancing service and give as equally detailed and professional a job for you when dealing with you electronically. The executing of the property agreement is not when everything is set in stone. A signed contract simply enables the solicitor to exchange contracts at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Oundle)to be in the office at the appropriate time.
I decided to have a survey completed on a property in Oundle before appointing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some banks will not issue a mortgage on this type of home.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Oundle. Conveyancing may be slightly more expensive based on your lender's requirements.
My father-in-law has urged me to use his conveyancers in Oundle. Should I use them?
There are no two ways about it it’s preferable to select a conveyancing practitioner is to have feedback from friends or family who have actually previously instructed the conveyancer that you are considering.
What type of property do your Oundle conveyancing quotes relate to?
The quotes issued are only applicable to standard residential premises in England & Wales. Should you have any different needs for example industrial or agricultural property or commercial conveyancing in Oundle please contact us to address your requirements .