My partner and I are nearing an exchange on a flat in Rhymney and my parents have sent the 10% deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my solicitor 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 not just from me. I disclosed to the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The lawyer is duty bound to check with lender to make sure that they know 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.
As someone not used to conveyancing in Rhymney what’s your top tip you can impart for the house moving process in Rhymney
You may not hear this from too many lawyers but conveyancing in Rhymney or throughout Caerphilly is an adversarial experience. Put another way, when it comes to conveyancing there exists lots of room for conflict between you and other parties involved in the ownership transfer. E.g., the seller, property agent and sometimes a lender. Selecting a lawyer for your conveyancing in Rhymney an important selection as your conveyancer is your adviser, and is the ONLY party in the legal process whose responsibility is to look after your legal interests and to keep you safe.
Sometimes a third party with a vested interest will try and sway you that it is in your interests to do things their way. For instance, the estate agent may claim to be helping by claiming that your lawyer is slow. Or your mortgage broker may try to convince you to do take action that is against your solicitors recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
Due to the encouragement of my in-laws I had a survey completed on a property in Rhymney before instructing conveyancers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some banks will refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Rhymney. Conveyancing will be smoother if you use a solicitor in Rhymney especially if they are acquainted with such properties in Rhymney.
I'm converting the mortgage on my primary house to a buy to let loan with Britannia and I will use the rest of the raised equity towards a second house. The location we are looking at is Rhymney. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our search tool on this page to check that the solicitors are approved by both lenders. Assuming 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 desired outcome and requirements.
In my capacity as executor for the will of my uncle I am disposing of a property in Neath but I am based in Rhymney. My conveyancer (who is 250 miles from merequires that I execute a statutory declaration before completion. Could you suggest a conveyancing practitioner in Rhymney to witness and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Rhymney based
My conveyancing in Rhymney is set to complete on Friday, yet the person I am buying off wants to move out 24 hours later at at 2pm. Should I accept such a idea?
It is not possible to complete on a Saturday due to the bank systems are not operational.