My partner and I are approaching an exchange on a flat in Bedale and my parents have sent the exchange deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your solicitor is duty bound to check with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Are the BSA intent on creating a searchable register to list solicitors on the Melton Mowbray Building Society conveyancing panel for example in Bedale?
We have not been informed any intention on the part of the BSA to develop such a search facility.
We are purchasing a property and the solicitor has mentioned Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. She has recommended insurance. Is this really warranted for conveyancing in Bedale
Unless a prior purchase of the house completed after 12 October 2013 you may assume that solicitors delivering conveyancing in Bedale to remain encouraging a chancel search and or insurance against a claim.
I'm buying my first flat in Bedale benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of extras instead. The house builders rep told me not to tell my solicitor about the deal as it may put at risk my mortgage with the lender. Is this normal?.
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.
I am looking into buying my first house which is in Bedale and I am already nervous. I couldn't find anything specific about Bedale. Conveyancing will be needed in due course but do you know about the Bedale area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bedale. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for sale conveyancing in Bedale. I happened to stumble upon a site which appears to be the perfect answer If it is possible to get all the legals completed via email that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?