My partner and I are nearing an exchange on a house in Liverpool and my parents have transferred the 10% deposit to my conveyancer. I am now told that as the deposit has not arrived from me my conveyancing practitioner 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 advised the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The conveyancer is duty bound to clarify 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 lender if you permit them to, failing which, your lawyer must cease to continue acting.
My wife and I have recently appointed a conveyancing solicitor in Liverpool. I I am struggling to find out if they are on the Bank of Scotland approved list of lawyers. Could you assist?
The first thing to do is call the solicitor and ask them if they can act for the bank. Otherwise you can call Bank of Scotland who may be able to help.
Me and my partner are buying a flat in Liverpool. It might be a silly question but how we can trust a lawyer? On completion day we have to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am unexperienced as FTB of a garden flat in Liverpool. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will appoint a local conveyancing solicitor in Liverpool?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's solicitors, and once they have received this, you should be invited to receive the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
I currently have a mortgage with Barclays for my property in Liverpool. Conveyancing has been completed some time ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Barclays must be informed of your intention before letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel solicitor.
I need some fast conveyancing in Liverpool as I am faced with a deadline to exchange contracts in less than 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at free not to do searches although no law firm would advise that you don't. With plenty of history conveyancing in Liverpool the following are instances of issues that can crop up and adversely affect future mortgageability: Enforcement Actions, Overdue Fees, Overdue Grants, Road Schemes,...
Just had an offer accepted on a new build flat in Liverpool. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Liverpool
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared.
I'm refinancing my primary home to a BTL mortgage with Barnsley Building Society and intend to use the remaining equity as a deposit on further house. The area we are looking at is Liverpool. Will your solicitors be able to act for both sets of lenders and tie in the transactions?
Do use our comparison tool on this page to ensure that the conveyancers are on the relevant lender panels. On the basis that they are the conveyancer will be able to tie up the two transactions but you should have a chat with you conveyancer and communicate your expectations and needs.