I am getting closer to an exchange on a flat in Corsham and my parents have transferred the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancer is obliged to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
My Conveyancer in Corsham is not on the Godiva Mortgages Ltd Conveyancing Panel. Can I still continue with my family solicitor even though they are excluded from the Godiva Mortgages Ltd approved list?
Your options are as follows:
- Carry on with your existing Corsham lawyers but Godiva Mortgages Ltd will need to use a solicitor on their list of acceptable firms. This will inevitably rack up the total legal charges and cause frustration.
- Find a new solicitor to to deal with the conveyancing, not forgetting to check they are on the Godiva Mortgages Ltd panel
There is lots of information on this site about conveyancing in Corsham but can you isolate your top tip for finding the right conveyancer in Corsham
We would encourage you not to base your choice on the cheapest Corsham conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I just acquired a house at auction in Corsham. Conveyancing is required. What are my next steps?
Now that you are exchanged you will need to instruct a conveyancing practitioner soon as you now have a tight a drop dead date to complete the property. All auction property will have a bespoke auction set of papers. This will include evidence of title and search results. In the case of leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You should hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that you have funds in order to complete the transaction on the set completion date.
Intending to buy a apartment in Corsham. 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 TSB 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 Corsham conveyancer is on the TSB conveyancing panel.
How does conveyancing in Corsham differ for new build properties?
Most buyers of new build property in Corsham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Corsham tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Corsham or who has acted in the same development.
Am I right to be suspicious by brokers that I am dealing with are recommending an online conveyancing firm rather than a local Corsham conveyancing firm?
As is the case with many professional services, often input from relatives can be most helpful. But there are lots of players in a conveyancing matter; estate agents, financial adviser and mortgage companies might all recommend lawyers to instruct. Sometimes these conveyancers might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the recommendation. You have the right to select your own conveyancer. You need to be aware that the majority of mortgage providers have an approved list of law firms you must use for the lender related work in your house move.
We are soon to acquiring a home in Corsham. Can our property lawyer have our purchase price confidential from the likes of Zoopla. Is this achievable and how?
HMLR by statute are bound to disclose price paid data on the official title for residential properties nationwide including homes in Corsham. The register of title is a public document, so the Land Registry would be breaking the law excluded specific homes such as the property in Corsham.
In essence you can ask HMLR to withhold the price paid data but the response would be a No.