My wife and I are only a couple days away from an exchange on a property in Thirsk and my parents have sent the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The property lawyer is obliged to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We see that you have a search directory listing solicitors on the UBS conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Thirsk?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Thirsk.
My apartment in Thirsk is up for sale and I have a buyer. Will my property lawyer need to be on the Skipton conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Skipton conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
How does conveyancing in Thirsk differ for newly converted properties?
Most buyers of new build property in Thirsk approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Thirsk usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Thirsk or who has acted in the same development.
I have been sourcing a conveyancing practitioner in Thirsk for my home move. Is it possible to review a solicitor's record with the profession’s regulator?
You can search for documented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The SRA could recorded telephone calls for training reasons.
I previously informed by my lender that their approved solicitors work on no sale no fee basis for conveyancing in Thirsk. I had a purchase fall through and now the conveyancers want search fees! They say the fees are seperate!
Thirsk conveyancing search fees are separate expenses not legal costs as these are due to a third party.