I am nearing an exchange on a house in Carshalton and my parents have sent the exchange deposit to my property lawyer. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The property lawyer is legally required to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Why do I have to pay up front for my conveyancing in Carshalton?
If you are buying a property in Carshalton your lawyer will ask you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the purchase price then this will be asked for immediately in advance of contracts are exchanged. The final balance that is due should be sent to your lawyer shortly before completion.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Coventry BS conveyancing panel for instance in Carshalton?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
Me and my partner are purchasing a flat in Carshalton. It might be a silly question but how we can trust a solicitor? On completion day we will need to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it correct that all Carshalton CQS (Conveyancing Quality Scheme) solicitors are on the Bank of Ireland conveyancing panel?
A selection of lenders now make use of CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
I have instructed a Carshalton property lawyer having made sure that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Carshalton postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Carshalton.
4 months have elapsed since my purchase conveyancing in Carshalton completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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.
How easy is it to swap conveyancer as I have to choose one who is on the Nationwide Building Society conveyancing panel. I was using a family conveyancing solicitor in Carshalton round the corner but he is not approved by Nationwide Building Society
We will our best to assist in finding you a conveyancing solicitor in Carshalton on the Nationwide Building Society panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Carshalton. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Carshalton.