My financial adviser says he needs my Edgbaston lawyer’ panel member for the HSBC conveyancing panel. How do I discover this. I have e-mailed my local Edgbaston office but they cant find it on their system.
Have you tried contacting your Edgbaston lawyer about this?. Most Edgbaston law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
My partner and I are nearing an exchange on a house in Edgbaston and my parents have transferred the exchange deposit to my property lawyer. I am now informed that as the deposit has not come from me my lawyer needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
The conveyancing practitioner is duty bound to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
What does my ID and proof of funds have anything to do with my conveyancing in Edgbaston? Is this really necessary?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Edgbaston. However these days you can not complete any conveyancing deal in the absence submitting evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as proof of identification it must be both the paper section as well as the photo card part, one is not sufficient without the other.
Evidence of the source of monies is required in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor will need to have this information on file. Your Edgbaston conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they may also ask further queries concerning the origin of monies.
What is the difference between a licensed conveyancer and conveyancing solicitor in Edgbaston
Two types of professional can perform conveyancing in Edgbaston namely CLC regulated conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the sale or purchase of property. Both are obliged to conduct Edgbaston conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally conducted and that all necessary procedures should be appropriately adhered to.
We were going to get a DIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Edgbaston solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Edgbaston solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
Aldermore have agreed my mortgage in principle, my offer on a flat in Edgbaston has been accepted, what happens next?
Your property agent will wish to know who your solicitors are (ensure that the property lawyers are on the bank’s approved list). Contact Aldermore or the broker and complete any outstanding paperwork. Aldermore will appoint a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to take place. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Aldermore will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Edgbaston.
I am buying my first flat in Edgbaston benefiting from help to buy. The builders refused to move on the price so I negotiated five thousand pounds worth of extras instead. The property agent advised me not inform my solicitor about the side-deal as it will impact my mortgage with the bank. 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.
I'm refinancing my current property to a BTL mortgage with Yorkshire Building Society and I will use the ballance of the raised equity as a down payment on a second house. The neighborhood we are interested in is Edgbaston. Will your conveyancers be able to act for the two mortgage companies and tie in the two deals?
Make use of our comparison tool on this page to be sure that the lawyers are on the relevant lender panels. Assuming that they are your conveyancer will be able to tie up the two conveyancing matters but you should talk with you lawyer and make clear your desired outcome and requirements.