We are nearing an exchange on a property in Bromsgrove and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has been received from someone other than me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your property lawyer is legally required to check with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Bromsgrove last November but our buyer keeps SMS messaging daily to moan that her lawyer needs to hear from mine. What should have happened following completion?
After completion of your house sale your conveyancer should deliver the transfer deeds and all of the paperwork to the buyer’s lawyers. Where relevant, your conveyancer should also evidence that the mortgage has been redeemed to the purchasers lawyers. There is unlikely to be post completion requirements unique to conveyancing in Bromsgrove.
It has been 2 months following my purchase conveyancing in Bromsgrove completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Hoping to buy a property located in Bromsgrove and I am already nervous. I couldn't find anything specific about Bromsgrove. Conveyancing will be needed in due course but do you know about the Bromsgrove area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bromsgrove. In the meantime here are some basic statistics that we found
I am using a search engine for the term on line conveyancing in Bromsgrove it shows results of many conveyancersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?
The best way of choosing a suitable conveyancer is through a personal testimonial, so seek the guidance of friends and those you trust who have acquired a property in Bromsgrove or the local estate agent or mortgage broker. Costs for conveyancing in Bromsgrove differ, so it's a good idea to obtain a minimum of four quotes from different property lawyers. Dont forget to clarify that the charges are guaranteed not to to be inflated.
Do I stop the direct debit for my mortgage with Coventry BS once a completion date for my sale in Bromsgrove has been agreed?
You would be well advised to continue paying any mortgage payments to Coventry BS pending the mortgage being redeemed from the proceeds of sale as part of your Bromsgrove conveyancing.