My partner and I are getting closer to an exchange on a house in Roade and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to disclose this to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
The lawyer is legally required to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We are looking to buy a flat and need a conveyancing solicitor in Roade who is on the Skipton approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Roade.
My fiance and I intend to purchase a newly converted flat in Roade with a residential mortgage from Santander.We have a Roade conveyancing lawyer but Santander advised that she’s not on their approved list of member firms. We have to appoint a Santander panel firm or retain our high street solicitor and pay for a Santander panel lawyer to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The home loan offered to you is subject to its various provisions, a common one being that solicitors will be on the Santander solicitor panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Santander
What will a local search reveal about the property my wife and I purchasing in Roade?
Roade conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company such as PSG The local search plays a central role in many a Roade conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
Due to the encouragement of my in-laws I had a survey completed on a property in Roade ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend refuse to issue a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Roade. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to swap lawyers as my Roade lawyer is not on the lender's panel of conveyancing solicitors. How simple is it to change conveyancer?
If you haven't yet appointed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Roade that you're considering.