My husband and I are getting closer to an exchange on a property in Worplesdon and my parents have transferred the ten percent deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. 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 advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your property lawyer is duty bound to check with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We wanted to use a property lawyer in Worplesdon for our home move. Our financial adviser informed us that our mortgage lenders Alliance & Leicester won't deal with them. Why is this not regarded as unfair competition?
A mortgage company can require an approved solicitor act for it. You would be expected to meet the cost of this. Do use our directory service to find a solicitor to carry conveyancing in Worplesdon on the Alliance & Leicester approved list of solicitors.
Are all Worplesdon Conveyancing Quality Solicitors on the HSBC conveyancing panel?
A selection of lenders now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
I had an offer accepted on a property in Worplesdon on 16/5/2025, valuation was booked 2 days after, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Are Nottingham entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Worplesdon solicitor - who is on the Coventry BS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Worplesdon surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I opted to have a survey done on a house in Worplesdon prior to retaining lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some lenders may not give a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Worplesdon. Conveyancing will be smoother if you use a solicitor in Worplesdon especially if they regularly deal with such properties in Worplesdon.
I am selling my property. My previous solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Worplesdon if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Worplesdon. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Are all Worplesdon property lawyers on every lender conveyancing panel?
You can use our search tool or you can drop into your local bank branch in Worplesdon. Chances are that they can recommend conveyancing solicitors in Worplesdon