My partner and I are approaching an exchange on a house in Long Eaton and my parents have sent the ten percent deposit to my lawyer. I am now advised that as the deposit has not arrived from me my conveyancing practitioner needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is duty bound to check with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I have justbeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Long Eaton for a purchase of a leasehold flat 12 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest method to see if the premises 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 Long Eaton conveyancing specialists.
I am buying my first flat in Long Eaton with a loan from Bank of Ireland. The developers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not to tell my solicitor about the extras as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 advice of my in-laws I had a survey completed on a house in Long Eaton before retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks tend refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Long Eaton. Conveyancing will be smoother if you use a solicitor in Long Eaton especially if they are familiar with such properties in Long Eaton.
I'm refinancing my primary house to a buy to let mortgage with Lloyds TSB Bank and intend to use the remaining equity towards further property. The neighborhood we are talking about is Long Eaton. Will your solicitors be able to act for the two mortgage companies and link together the two deals?
Do use our comparison tool on this site to ensure that the conveyancers are on the relevant lender panels. Assuming that they are your lawyer will be able to connect the two transactions but you should have a chat with you conveyancer and communicate your desired outcome and requirements.
We are 17 days into a residential purchase having been recommend to solicitors by the high street agent to do our conveyancing in Long Eaton. I am am extremely frustrated with the level of service. Can you help me find new solicitors?
They would have to be very bad to suggest changing them. Has your mortgage been generated? If so you must make them aware of the new conveyancer and get the offer are issued to the new lawyers. Your solicitor ideally should be on the banks approved list to avoid added fees and complications. So that should be your starting point. Our find a solicitor tool should assist you in finding a lender approved solicitor for your home move in Long Eaton