My husband and I are nearing an exchange on a house in Runcorn and my mum and dad have sent the ten percent deposit to my solicitor. I am now informed that as the deposit has not come from me my solicitor needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancer is legally required to check with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Do conveyancers ask for an advanced payment for conveyancing in Runcorn?
If you are buying a property in Runcorn your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. Generally this is needed to cover the fees of the Local Authority Search. If any deposit is as part of the purchase price then this should be asked for immediately ahead of exchange of contracts. The closing balance that is needed will be payable shortly before completion.
I am looking to buy a property and need a conveyancing solicitor in Runcorn who is on the Aldermore approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Aldermore in certain locations such as Runcorn. We dont recommend any particular firm.
I am expecting a AIP from Coventry BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Runcorn solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Runcorn solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
Planning on purchasing a house in Runcorn. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Runcorn conveyancer is on the Skipton conveyancing panel.
My offer on a semi in Runcorn has been accepted, the owners do nevertheless have a connected purchase. The owners have offered on on an apartment, but it’s not yet agreed to, and have viewings of other properties in the pipeline. I have instructed a nearby conveyancing solicitor in Runcorn. What should be my next step? When do I get the mortgage application with Lloyds going?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then survey, Runcorn conveyancing search fees, etc). First, you must ensure that your conveyancer is on the Lloyds approved list. Regarding the next stages this very much dictated by the specifics of your transaction, motivation for this property and on the state of the market. During a hot market some home buyers would apply for the mortgage with Lloyds and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to proceed with the conveyancing in Runcorn.
four months have elapsed following my purchase conveyancing in Runcorn concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Runcorn is where the house is located. What do you suggest?
Flying freeholds in Runcorn are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Runcorn you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Runcorn may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.