My partner and I are getting closer to an exchange on a house in Witney and my parents have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has been received from someone other than me my lawyer needs to disclose this to my mortgage company. I am advised that, 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 informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The solicitor is duty bound to clarify with the bank to make sure 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 lender if you agree, failing which, your lawyer must cease to continue acting.
This question may be naive but I am wet behind the ears as FTB of a garden flat in Witney. Do I pick up the keys to the property on completion from my conveyancer? If this is the case, I will appoint a local conveyancing solicitor in Witney?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you will be able to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
Can you point me to a directory of Yorkshire BS panel conveyancers in Witney on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings open the public on the web. If you are in need of a Witney conveyancing practitioner on the Yorkshire BS please use our facility.
Intending to buy a apartment in Witney. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society 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 Witney solicitor is on the Leeds Building Society conveyancing panel.
How does conveyancing in Witney differ for newly converted properties?
Most buyers of new build residence in Witney contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Witney typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Witney or who has acted in the same development.
I'm refinancing my current house to a buy to let mortgage with Chelsea Building Society and I will use the rest of the raised equity as a deposit on a second house. The location we are looking at is Witney. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Make use of our search tool on this site to be sure that the solicitors are on the appropriate lender panels. Assuming that they are the conveyancer will be able to simultaneously deal with the two transactions but you should talk with you solicitor and make apparent your expectations and requirements.
I am looking for a conveyancing solicitor in Witney for my sale. Is there any facility to see a firm’s record with the profession’s regulator?
One can search for documented Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA may monitor telephone calls for training purposes.
I see that you have a post code search directory identifying firms on the bank conveyancing panel. Do Witney conveyancing companies pay you a commission if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Witney.