My husband and I are getting closer to an exchange on a house in Denmark Hill and my mum and dad have transferred the 10% deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We intend to purchase a newly converted apartment in Denmark Hill with a residential mortgage from TSB.We would like to retain our Denmark Hill conveyancing solicitor but TSB informed us she’s not on their "panel". It seems we have little choice but to instruct a TSB panel firm or keep our local solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan offered to you is subject to its various provisions, one of which will be that lawyers will be on the TSB conveyancing panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for TSB
About to purchase a new build flat in Denmark Hill. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Denmark Hill
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
How do I identify a Denmark Hill solicitor on the Chelsea Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 25miles to meet the solicitor.
Feel free to make use of the search on this website. Please select a lender and your location and you will see a number of Denmark Hill conveyancing lawyers located nearest you. We have detailed some Denmark Hill conveyancing firms at the bottom of this page and you can telephone them to check whether they are on the Chelsea Building Society member panel
I am one month into a residential purchase having been directed to conveyancers by the selling agent to perform conveyancing in Denmark Hill. I am not happy. Can you you assist me in finding new conveyancers?
They would need to be very poor to suggest replacing them. Has your loan offer been generated? In the event that it has you will need to inform them of the new contact details and get the loan are issued to the new lawyers. The conveyancer needs to be on the lenders panel to avoid escalating expenses and frustration. That should be your first question of the new conveyancers. Our find a solicitor tool will help you find a lender approved solicitor for your conveyancing in Denmark Hill
Can a conveyancer remove a person from the title of my property in Denmark Hill ?
Extracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a lawyer