My wife and I are only a couple days away from an exchange on a property in Beckenham and my parents have transferred the exchange deposit to my property lawyer. I am now told that as the deposit has not arrived from me my conveyancer needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your lawyer is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I just bought a flat at auction in Beckenham. Conveyancing is needed. What happens now?
Now that you are exchanged you must instruct a conveyancing practitioner quickly as you now have a fast approaching a drop dead date to complete the conveyancing. All auction property will have an associated auction set of papers. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You must hand this to the solicitor instructed by you ASAP. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
We had appointed solicitors located in Beckenham on the Lloyds solicitor approved list. They are now charging me a further sum for the legal aspects of the Lloyds mortgage. Is this an additional conveyancing fee set by Lloyds?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not dictated by Lloyds but by your Beckenham lawyer. Some firms on the Lloyds panel will charge an ‘acting for lender’ fee and others do not.
My offer was accepted on a house in Beckenham on 11/10/2024, valuation was booked 3 days later, all came back fine. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Barclays and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Barclays conveyancing panel. Are Barclays entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm purchasing my first flat in Beckenham benefiting from help to buy. The developers refused to move on the price so I negotiated 6k of additionals instead. The house builders rep advised me not inform my conveyancer about the side-deal as it may jeopardize my mortgage with Birmingham Midshires. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Due to the advice of my in-laws I had a survey completed on a property in Beckenham before instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend not issue a mortgage on such a house.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Beckenham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Beckenham to see if the conveyancing costs will increase in light of this.
How easy is it to use your search tool to find a conveyancing solicitor in Beckenham on the approved list for my mortgage?
Step one is to choose a lender such as Halifax, Chelsea Building Society or Godiva Mortgages Ltd then choose your preferred area for instance Beckenham. Conveyancing organisations in Beckenham and across England and Wales should be shown.
In sourcing the world wide web for the words cheap conveyancing in Beckenham it shows results of many conveyancerslocally. With so much choice what is the best way to find the suitable solicitor for me?
The ideal method of choosing a suitable conveyancer is via trusted recommendation, so ask colleagues and relatives who have bought a property in Beckenham or the reputable estate agent or financial adviser. Fees for conveyancing in Beckenham vary, so it's a good idea to secure a minimum of four estimates from varying types of companies. Dont forget to clarify that the fees are fixed.