My partner and I are nearing an exchange on a flat in Barton under Needwood and my parents have sent the exchange deposit to my conveyancer. I am now told that as the deposit has not come from me my conveyancer needs to make a notification 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 advised the bank about 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 funds. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am considering applying for a TSB mortgage for purchase of a new build (under development) in Barton under Needwood with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
There is nothing to stop you using your solicitor, but TSB will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Me and my partner are buying a house in Barton under Needwood. It might be a silly question but how we can trust a lawyer? At some point we will need to put our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
What is your number one tip for finding a conveyancing solicitor in Barton under Needwood
We would encourage you not to base your choice on the cheapest Barton under Needwood conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I am selling my apartment. I had a double glazing fitted in April 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Santander are being problematic. The Barton under Needwood solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I'm converting the mortgage on my existing property to a buy to let mortgage with Nottingham Building Society and I will use the ballance of the raised equity as a deposit on another property. The area we are interested in is Barton under Needwood. Will your solicitors be able to act for both sets of lenders and tie in the conveyances?
Do use our comparison tool on this page to be sure that the lawyers are approved by both banks. Assuming that they are the lawyer should be able to tie up the two deals but you should have a chat with you lawyer and make clear your expectations and needs.
I need to retain a conveyancing solicitor for residential conveyancing in Barton under Needwood. I have chance upon a web site which seems to have the ideal answer If there is a chance to get all the legals completed via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I'm purchasing a flat in Barton under Needwood. I can find my conveyancer's company on the CLC list, but I can't find my conveyancer's name on the list. Should I be concerned?
Not all staff in the law firm must be listed by the regulator. Provided there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unlicensed staff.