We are approaching an exchange on a flat in Virginia Water and my parents have sent the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has not arrived from me my conveyancer needs to make a notification to my lender. 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 informed the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The conveyancing practitioner is duty bound to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We hope to to purchase with Darlington Building Society. We have called around locally yet cant to find a Virginia Water conveyancing firm on the Darlington Building Society panel. Please you assist?
Please do take advantage of the find a lender approved solicitor tool on this page. Please choose the building society and type Virginia Water or your location and you will discover a number of lawyer based in Virginia Water or by proximity to you.
Are there restrictive covenants that are commonly identified as part of conveyancing in Virginia Water?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Virginia Water. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying my first flat in Virginia Water benefiting from help to buy. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not to tell my lawyer about this extras as it would put at risk my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Virginia Water prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend refuse to issue a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Virginia Water. Conveyancing may be slightly more expensive based on your lender's requirements.
We're first time buyers - agreed a price, yet the property agent told us that the vendor will only issue a contract if we instruct the agent's recommended lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street conveyancer used to conveyancing in Virginia Water
It is improbable the sellers are driving this. Should the seller want ‘a quick sale', alienating a motivated purchaser is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your own,trusted Virginia Water conveyancing lawyers - not the ones that will give their estate agent a introducer fee or hit his conveyancing targets set by HQ.