We are nearing an exchange on a house in Burton upon Stather and my parents have sent 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 conveyancing practitioner needs to make a notification to my lender. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
Your lawyer is duty bound to check with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We were going to get a DIP from UBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Burton upon Stather solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Burton upon Stather solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
Planning on purchasing a house in Burton upon Stather. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Burton upon Stather conveyancer is on the Santander conveyancing panel.
After what feels like an age I have had an offer on a maisonette in Burton upon Stather accepted, the owners do nevertheless have a connected purchase. The sellers have offered on somewhere, but it’s not yet agreed to, and are looking at other apartments booked. I have instructed a local conveyancing solicitor in Burton upon Stather. What should be my next step? At what stage should I apply for the mortgage with UBS?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then survey, Burton upon Stather conveyancing search fees, etc). First, you should ensure that your solicitor is on the UBS approved list. As to the subsequent stages this very much dictated by the circumstances of your transaction, attraction to the property and on the state of the market. During a rising market some purchasers would apply for the mortgage with UBS and pay for the valuation and only if it was satisfactory would they pay their conveyancer to press on with searches.
Do I need to take out insurance to address the risk of chancel repairs when buying a property in Burton upon Stather?
Unless a prior acquisition of the premises completed post 12 October 2013 you can expect solicitors carrying out conveyancing in Burton upon Stather to continue to propose a a chancel search and or chancel repair liability insurance.
Due to the advice of my in-laws I had a survey completed on a house in Burton upon Stather ahead of instructing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some lenders may refuse to issue a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Burton upon Stather. Conveyancing will be smoother if you use a solicitor in Burton upon Stather especially if they are accustomed to such properties in Burton upon Stather.
We are 18 days into a freehold purchase having been referred to solicitors by the estate agent to execute conveyancing in Burton upon Stather. We are not happy. Can you help me find new conveyancers?
They would need to be very poor to suggest diss instructing them. Has your mortgage offer been issued? In the event that it has you must advise them of the new contact details and have the mortgage documents are issued to the new lawyers. The conveyancer should be on the mortgage company approved list to avoid added costs and delays. So that should be your first question of the new solicitors. Our find a solicitor tool can help you find a bank approved lawyer for your conveyancing in Burton upon Stather
My husband and I are purchasing a 2 bedroom bungalowin Burton upon Stather with a home loan from a bank. We have a lawyer in Burton upon Stather but our bank inform us now that he's not listed on their "panel". Apparently we need to choose one of the our mortgage company panel firms or keep our Burton upon Stather solicitor and incur the extra costs for one of their panel ones to represent our mortgage company. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The bank mortgage issued is subject to its terms and conditions, one of which will be that solicitors will on the lender's conveyancing panel. in the past, most lenders had open panels, including most conveyancing solicitors in Burton upon Stather : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your lender.