My partner and I are getting closer to an exchange on a property in Newall Green and my parents have transferred the exchange deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my lender. 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 bank about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your lawyer is obliged to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We note that you have a post code search directory identifying solicitors on the Kent Reliance conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Newall Green?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Newall Green.
I have today made my last payment due on my mortgage with RBS. I assume I don't need a Newall Green conveyancing practitioner on the RBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
I recently had an offer accepted on an apartment in Newall Green. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £150. A few days later, the solicitor contacted me to say that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Our offer on a semi in Newall Green has been agreed to, the vendors do however have an associated purchase. The sellers have offered on on an apartment, but it’s not yet tied up, and are looking at other properties in the pipeline. I have instructed a local conveyancing solicitor in Newall Green. What should be my next step? When should I get the mortgage application with TSB started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of one thousand pounds, then valuation, Newall Green conveyancing search costs, etc). The first course of action is to check that your conveyancer is on the TSB conveyancing panel. As to the subsequent phase this very much dictated by the uniqueness of your case, motivation for the property and on the state of the market. During a rising market the majority of home buyers would apply for the mortgage with TSB and arrange for the valuation and only if it was satisfactory would they request their property lawyer to press on with the conveyancing in Newall Green.
I have been told that property searches are the primary cause of hinderance in Newall Green house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Newall Green.
How do I use your search facility to locate a conveyancing solicitor in Newall Green on the panel for my lender?
Step one is to pick a lender such as Santander, Virgin Money or Barclays Direct then choose your location such as Newall Green. Conveyancing organisations in Newall Green and beyond will then be shown.
Been reading online that Newall Green solicitors are more expensive than licensed conveyancers in Newall Green to use when buying a property. Am I better off using a conveyancer or a solicitor where I am buying a house in Newall Green.
When it comes to conveyancing in Newall Green the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.