My wife and I are getting closer to an exchange on a property in Blagdon and my parents have sent the exchange deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my conveyancing practitioner 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 mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The lawyer is legally required to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I have been told that property searches are the number one cause of obstruction in Blagdon conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Blagdon.
The deeds to our home are lost. The solicitors who handled the conveyancing in Blagdon 5 years ago no longer exist. Will I be able to sell the house?
You no longer need to hold title deeds to evidence that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.
I decided to have a survey completed on a property in Blagdon ahead of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks will not issue a mortgage on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you e-mail us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Blagdon. Conveyancing will be smoother if you use a solicitor in Blagdon especially if they are familiar with such properties in Blagdon.
What tools are available to locate a Blagdon solicitor on the Coventry Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 20miles to meet the lawyer.
Feel free to make use of the tool on this website. Please pick a mortgage company and your location and you will see a number of Blagdon conveyancing lawyers based on proximity. We have detailed some Blagdon conveyancing firms at the bottom of this page and you can call them to verify if they are on the Coventry Building Society panel
Is it true that a Blagdon conveyancing practice has court proceedings brought against them by clients for failing to conduct comprehensive conveyancing investigations?
Our attention has not be brought to such a Blagdon conveyancing claim but it has been reported that, clients buying a home in Cumbria successfully won a claim against their lawyer due to development permission to erect a wind farm failing to be identified in conveyancing searches.
If you are buying in Blagdon It is critical that your conveyancing practitioner purchase all Blagdon conveyancing searches necessary making sure that you have accurate and current information before purchasing a property.