My husband and I are approaching an exchange on a property in Bedworth and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, 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 regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your solicitor is duty bound to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Bedworth last June yet the purchaser is whats apping me complaining that her lawyer is waiting to hear from mysolicitor. What should have happened following completion?
Following your house sale your solicitor is duty bound to deliver the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. Where appropriate, your solicitor should also evidence that the home loan has been repaid to the buyers solicitors. There are no post completion requirements unique to conveyancing in Bedworth.
My property lawyer in Bedworth is not listed on the Virgin Money Approved Panel. Can I still continue with my prefered solicitor notwithstanding that they are excluded from the Virgin Money panel?
Your options are as follows:
- Carry on with your preferred Bedworth lawyers but Virgin Money will need to use a conveyancer on their panel. This will inevitably rack up the total conveyancing charges and result in delays.
- Find a new solicitor to to deal with the purchase, remembering to check they are Persuade your lawyer to use their best endeavours to join the Virgin Money conveyancing panel
We had selected solicitors located in Bedworth on the Bank of Ireland solicitor approved list. They are now charging me a separate sum for handling the Bank of Ireland mortgage. Is this an additional conveyancing fee set by Bank of Ireland?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer may levy a fee for this. The fee is not dictated by Bank of Ireland but by your Bedworth conveyancer. Some firms on the Bank of Ireland panel will levy an ‘acting for lender’ fee and others do not.
We are getting the release of further funds on our home loan from TSB as we want to carry out alterations to our house in Bedworth. Do we need to appoint a nearby Bedworth solicitor on the TSB conveyancing panel to handle the paperwork?
TSB do not ordinarily appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB conveyancing panel.
After months of negotiation I have agreed a price on an apartment in Bedworth. My financial adviser recommended their conveyancers. I paid an on account payment of £200. A few days later, the property lawyer contacted me to say that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I'm remortgaging my existing property to a buy to let mortgage with Norwich and Peterborough Building Society and intend to use the remaining equity towards further property. The location we are looking at is Bedworth. Will your solicitors be able to act for both sets of banks and link together the two deals?
Do use our comparison tool on this page to be sure that the lawyers are approved by both lenders. Having checked that they are your lawyer will be able to connect the two transactions but you should talk with you lawyer and specify your desired outcome and requirements.
Our sealed bid on detached house in Bedworth has been agreed to, but there is a chain. The sellers have offered on somewhere, but it’s not yet agreed to, and has viewings of other apartments booked. I have chosen a local conveyancing lawyer in Bedworth. What do I do now? At what stage should I apply for the mortgage with Virgin Money?
It is standard to have concerns where there is an associated chain given your reluctance to be too out of pocket too early (home loan application is in the region of one thousand pounds, then survey, Bedworth conveyancing search charges, etc). The first course of action is to ensure that your property lawyer is on the Virgin Money approved list. Concerning the next phase this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. During a buoyant market many home buyers would apply for a home loan with Virgin Money and arrange for the survey and only if it was satisfactory would they pay their conveyancer to move forward with searches.