My wife and I are approaching an exchange on a flat in Colerne and my parents have sent the exchange 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 lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The lawyer is duty bound to check 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 reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Can I use your services to recommend a Conveyancing solicitor in Colerne even if I’m not buying or disposing of a house, for instance where I want to buy a shop in Colerne with a loan from National Westminster Bank?
Our search tool is mainly utilised to find residential conveyancing solicitors in Colerne but we have recorded at the bottom of this page a selection of Colerne commercial conveyancing firms. You should make contact with the firm directly to see if they are also authorised to represent National Westminster Bank
After months of negotiation I have agreed a price on a house in Colerne. My mortgage broker recommended their conveyancers. I paid an advanced payment of £200. Not long after, the solicitor called me to say that they were not on the Bank of Ireland 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 Bank of Ireland 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 am selling my flat. I had a double glazing fitted in September 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Yorkshire BS are being problematic. The Colerne solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are requiring a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Our sealed bid on a semi in Colerne has been agreed to, the vendors do nevertheless have a dependent purchase. The owners have put an offer on somewhere, however it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a local conveyancing solicitor in Colerne. What do I do now? When do I get the mortgage application with Yorkshire BS going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of £1k, then survey, Colerne conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Yorkshire BS conveyancing panel. As to the next phase this very much depends on the specifics of your case, desire for the property and on the state of the market. During a hot market the majority of buyers will apply for the mortgage with Yorkshire BS and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to press on with the conveyancing in Colerne.
I used Action Conveyancing a few years past for my conveyancing in Colerne. I now require my file however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Colerne of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Colerne with the aid of help to buy. The developers refused to reduce the price so I negotiated £7000 of additionals instead. The estate agent advised me not reveal to my conveyancer about this extras as it would affect my loan with Britannia. Should I keep quiet?.
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'm remortgaging my current home to a BTL mortgage with Yorkshire Building Society and intend to use the remaining equity towards a second property. The location we are interested in is Colerne. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our comparison tool on this site to ensure that the solicitors are approved by both banks. On the basis that they are your lawyer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and make clear your expectations and requirements.