I am approaching an exchange on a flat in Banwell and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my bank. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor 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. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Do all mortgage companies provide you with an approved list of Banwell conveyancing solicitors? How do you know who is on the Leeds Building Society conveyancing panel?
Banwell conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
What can a local search inform me concerning the house I am buying in Banwell?
Banwell conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example PSG The local search plays a central role in many a Banwell conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
It has been 3 months following my purchase conveyancing in Banwell completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
We are 14 days into a leasehold purchase having been directed to conveyancers by the local agent to handle our conveyancing in Banwell. I am am extremely frustrated with the level of service. Can you you assist me in finding new conveyancers?
They would need to be really poor to suggest changing them. Has the loan offer been generated? In the event that it has you must make them aware of the new contact details and ensure the offer are issued to the new lawyers. The solicitor ideally should be on the banks panel to avoid escalating expenses and frustration. That should be your starting point. The search tool can assist you in finding a lender approved conveyancer for your home move in Banwell
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.