My husband and I are approaching an exchange on a house in Paddock Wood and my mum and dad have sent the exchange deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is duty bound to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We're in Paddock Wood, First timers purchasing with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I purchased my house on 14 July and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Paddock Wood expressed confidence that it will be recorded inside ten days. Are titles in Paddock Wood particularly slow to register?
There is nothing unique when it comes to conveyancing in Paddock Wood registration formalities. As opposed to being determined by geographic area, timescales can differ subject to the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. As of today in the region of 80% of such applications are completed in less than three weeks but occasionally there can be extensive delays. Historically registration is effected after the purchaser is living at the property therefore post completion formalities is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer can communicate with the Registry to express the reasoning for an expedited registration.
I opted to have a survey carried out on a house in Paddock Wood ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend refuse to grant a loan on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Paddock Wood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Paddock Wood to see if the conveyancing will be more expensive.
Is it possible to transfer to a new solicitor as I have to find one who is on the HSBC Bank conveyancing list. I had appointed a high street conveyancing solicitor in Paddock Wood five minutes from me but she is not accepted by HSBC Bank
It would be our pleasure to help you find a conveyancing solicitor in Paddock Wood on the HSBC Bank panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Paddock Wood. In utilising the find a conveyancing solicitor tool on this page, you can compare charges for conveyancing solicitors in Paddock Wood and beyond.
It has taken forever and a day but a loan offer from a mortgage company for the refinancing of my 2 bedroom flat is expected by the end of next week. Could you suggest a low cost remortgage conveyancing practitioner in Paddock Wood ?
You are on the wrong site if you are in need of a cheap conveyancing in Paddock Wood. Our intention is to offer value for money conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint companies offering £99 conveyancing in Paddock Wood.At best, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in extras and still not receive the service required.