We are approaching an exchange on a flat in Ambleside and my mum and dad have transferred the exchange deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancer needs to disclose this to my bank. I am advised that, in also acting for the bank 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 home loan, so is it really necessary for him to raise this?
The solicitor is duty bound to check with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Ambleside?
We are not aware of any plans on the part of the BSA to develop such a search facility.
A friend advised me that in buying a property in Ambleside there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?
We are aware of a number of properties in Ambleside which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Ambleside should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can you point me to a directory of Co-operative panel conveyancers in Ambleside on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings viewable over the internet. If you are in need of a Ambleside conveyancer on the Co-operative please use our tool.
Our offer on a property in Ambleside has been accepted, but there is a chain. The sellers have placed an offer on a property, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have selected a nearby conveyancing solicitor in Ambleside. What should be my next step? When do I get the mortgage application with Coventry BS started?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of £1k, then survey, Ambleside conveyancing search fees, etc). The first course of action is to ensure that your conveyancer is on the Coventry BS approved list. Regarding the subsequent stages this very much depends on the specifics of your case, motivation for this property and on the state of the market. During a hot market some buyers will apply for a home loan with Coventry BS and pay for the valuation and only if it was satisfactory would they pay their conveyancer to press on with searches.
I own a renovated Georgian property in Ambleside. Conveyancing lawyer represented me and Santander. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the matching address. Is it worth asking Santander to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ambleside and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing solicitor who conducted the purchase.
In my capacity as executor for the will of my grandfather I am selling a property in Monmouth but live in Ambleside. My lawyer (approximately 200 kilometers from mehas requested that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Ambleside to attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Ambleside based
I am buying a maisonette and cash is in place. I have provided lawyer with 2 distinct forms of photo identification, bank statement, numerous utility bills. Now he needs a copy from a probate lawyer acknowledging that the funds are in place and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Ambleside conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.