We are getting closer to an exchange on a property in Alderley Edge and my parents have sent the exchange deposit to my solicitor. I am now advised that as the deposit has not arrived from me my property lawyer needs to disclose this to my lender. 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 disclosed to the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The 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 resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Do the Building Society Association intend to launch a searchable register to to identify practices on the Melton Mowbray Building Society conveyancing panel for instance in Alderley Edge?
We have not been informed any intention on the part of the BSA to promote such a search facility.
We are due to move property in October. Does my conveyancing solicitor update the removal company on the day of completion. As an aside, can you suggest a removal company in Alderley Edge. Conveyancing lawyer was found before I stumbled across this site.
On the day of completion you will need to pick up the house keys from your selling agent but this should only happen when the previous owners lawyers confirm to the agent that they have the completion monies and the keys can be released. You can advise the removal company that they can start moving you in. We do not recommend a particular removal company but can assist you in finding a conveyancing in Alderley Edge or a lawyer that specialises in conveyancing in Alderley Edge.
I happen to be the single beneficiary of my late father’s will with all property in now in my sole name, including the house in Alderley Edge. The Alderley Edge property was put into my name in August. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership may be treated the same way as though I had purchased the property in August. Is the property unsalable for six months?
The CML handbook instructs solicitors 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 impacted by that. How practical a view lenders take of it, depend on the lender as this obligation primarily exists to identify the purchase and immediately sell or the flipping of properties.
I am selling my apartment. I had a double glazing fitted in February 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Lloyds are being a right pain. The Alderley Edge solicitor who is on the Lloyds conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Lloyds are insisting on a building regulation certificate. Why do Lloyds have a conveyancing panel if they don't accept advice from them?
It is probably the case that Lloyds have referred the matter to their valuer. The reason why Lloyds 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.
I'm buying a new build house in Alderley Edge with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not disclose to my lawyer about this side-deal as it will impact my mortgage with Bank of Scotland. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What tools are available to search for a Alderley Edge solicitor on the HSBC Bank conveyancing panel? I am a keen cyclist and am willing to travel upto 10kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please pick a bank and your location and you will see a number of Alderley Edge conveyancing lawyers based on proximity. We have listed some Alderley Edge conveyancing firms at the bottom of this page and you can call them to check whether they are on the HSBC Bank approved list
My husband and I are 14 days into a leasehold purchase having been recommend to conveyancers by the local agent to carry out the conveyancing in Alderley Edge. We are not happy. Can you help me find new conveyancers?
They would need to be really bad to suggest diss instructing them. Has the mortgage been sent? If so you will need to make them aware of the new contact details and have the offer are issued to the new lawyers. Your solicitor ideally should be on the banks panel to avoid added charges and complications. That should be your first question of the new conveyancers. Our search tool should assist you in finding a bank approved lawyer for your conveyancing in Alderley Edge