My wife and I are only a couple days away from an exchange on a flat in Dartford and my parents have transferred the ten percent deposit to my conveyancer. I am now told that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor is legally required to check with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
This question may be naive but I am unexperienced as FTB of a two bedroom flat in Dartford. Do I receive the keys to the property on the completion date from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Dartford?
On the day of completion you will not be required to go to the conveyancers office in Dartford. Conveyancing lawyers for you will arrange to send the completion advance to the seller's lawyers, and shortly after the monies have arrived, you should be called to pick up the keys from the property Agents and start moving into the property. Usually this happens between 1 and 3pm.
Nottingham have agreed my home loan in principle, my offer on a flat in Dartford has been accepted, what happens next?
The estate agent will want to be informed of your lawyer's details (ensure that the solicitors are on the bank’s approved list). Contact Nottingham or the financial adviser and complete any appropriate documentation. Nottingham will appoint a valuer who will get in contact with the selling agent or seller to arrange a time for the valuation to take place. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Nottingham will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Dartford.
At last I have had an offer on an apartment in Dartford accepted, the sellers do however have a dependent purchase. The owners have put an offer on a flat, but it’s not yet agreed to, and have viewings of other properties booked. I have instructed a local conveyancing solicitor in Dartford. What should be my next step? At what stage do I apply for the mortgage with Co-operative?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Dartford conveyancing search charges, etc). First, you should ensure that your conveyancer is on the Co-operative conveyancing panel. Concerning the subsequent phase this very much dictated by the uniqueness of your transaction, desire for this property and on the state of the market. In a rising market many purchasers would apply for the mortgage with Co-operative and pay for the valuation and only if it was satisfactory would they request their lawyer to press on with the conveyancing in Dartford.
I have todaybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Dartford for a purchase of a leasehold apartment 12 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dartford conveyancing specialists.
I'm buying my first flat in Dartford benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not disclose to my lawyer about this extras as it could jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Due to the guidance of my in-laws I had a survey completed on a property in Dartford in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will not issue a loan on such a premises.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Dartford. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been sourcing a conveyancing lawyer in Dartford for my house move. Is it possible to check a solicitor's complaints history with the profession’s regulator?
Anyone can search for documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a firm's 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, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.