My partner and I are only a couple days away from an exchange on a house in Cleveleys and my mum and dad have sent the 10% deposit to my property lawyer. I am now told that as the deposit has not arrived from me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your lawyer is obliged to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We just had an offer accepted to purchase with Darlington Building Society. We have called around locally yet cant to find a Cleveleys conveyancing firm on the Darlington Building Society approved list. Can you help?
You should make use of the find a conveyancing panel solicitor tool on this site. Pick the building society and type Cleveleys or your preferred area and you will be presented with numerous solicitors based in Cleveleys or nearest you.
I am buying a new build house in Cleveleys benefiting from help to buy. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not reveal to my lawyer about this extras as it will jeopardize my loan with Santander. 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.
Given that I am about to part with hundreds of thousands of pounds on 3 bedroom house in Cleveleys I would like to have a conversation with the lawyer concerning theconveyancing before instructing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the lawyer due to be doing your property ownership legalities in Cleveleys.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Cleveleys should be the amount on the final invoice that you are charged.
I am thinking of appointing a conveyancing lawyer in Cleveleys for my remortgage. Can I see a firm’s record with the profession’s regulator?
Anyone may find published Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator could recorded telephone calls for training purposes.
18 days into purchasing a property in Cleveleys. Conveyancing solicitor has phoned to say the title is "Leasehold". Should this impact our HSBC valuation?
Cleveleys conveyancing does not normally involve leasehold houses. The main factor here is the unexpired lease term and the ground rent. If it's 999 years with a peppercorn rent, it's almost the same as freehold, so it’s unlikely to affect the saleability significantly.
At the other end of the spectrum, if it's, say, Sixty years it will have a material effect on the saleability, and most likely wouldn't be acceptable to the bank. The length of lease and ground rent will be set out in the lease provided to your lawyer.