My partner and I are only a couple days away from an exchange on a property in Shrivenham and my mum and dad have transferred the ten percent deposit to my lawyer. I am now advised that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, 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 disclosed to the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your conveyancer is duty bound to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am purchasing a property and require a conveyancing solicitor in Shrivenham who is on the HSBC Bank approved. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for HSBC Bank in certain locations such as Shrivenham. We dont recommend any particular firm.
Various online forums that I have frequented warn that are a common cause of delay in Shrivenham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Shrivenham.
It has been 3 months since my purchase conveyancing in Shrivenham completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 premises 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.
I am purchasing my first flat in Shrivenham with a mortgage from The Royal Bank of Scotland. The developers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not inform my lawyer about the deal as it would jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I require the services of a lender panel solicitor in Shrivenham. Could you help me?
It is not clear why you need a Shrivenham panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Shrivenham are on their panel . If you do find such a firm in Shrivenham not listed please direct them to our site to list. After all the cost is only one £1 a month