My partner and I are nearing an exchange on a property in East Leake and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my conveyancer needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is legally required to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Do lenders provide you with an approved list of East Leake conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?
East Leake conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I am mortgaging my house in East Leake, does my lawyer have to be on the Clydesdale Conveyancing panel?
There is nothing to stop you using your solicitor, but Clydesdale will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
When it comes to lenders such as UBS, do East Leake property lawyers have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
Is there a list of UBS panel conveyancers in East Leake on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association sites. Very few lenders make their panel listings available over the internet. If you are in need of a East Leake solicitor on the UBS please use our tool.
Intending to buy a house in East Leake. 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 Barclays 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 East Leake solicitor is on the Barclays conveyancing panel.
In my capacity as executor for the estate of my grandmother I am disposing of a residence in Monmouth but reside in East Leake. My lawyer (who is 300 kilometers awayrequires that I sign a stat dec ahead of completion. Could you suggest a conveyancing practitioner in East Leake to witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are East Leake based
I've recently bought a leasehold house in East Leake. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
East Leake Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing
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Does the lease contain onerous restrictions? Please inform me if there are any major works anticipated that could increase the maintenance costs? It is important to be aware whether window replacement or some other significant cost is due shortly that will be shared by the tenants and could well materially impact the level of the service costs or necessitate a one off invoice.