We are getting closer to an exchange on a house in Cuffley and my parents have sent the ten percent deposit to my conveyancer. I am now advised that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
Your conveyancer is duty bound to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I have 7378 less than 75 years left on my lease and require a lease extension for my flat in Cuffley. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/3/2024 the requirements read as follows :
When it comes to mortgage companies such as Bank of Ireland, do Cuffley conveyancing practitioners incur a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
My partner and I are at the point of viewing flats in Cuffley and I am now considering a potential offer. Is it advisable to have a conveyancing practitioner on ‘stand by’? I will be getting a mortgage with Coventry BS.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are getting a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
About to purchase house in Cuffley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC 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 Cuffley conveyancer is on the HSBC conveyancing panel.
How does conveyancing in Cuffley differ for newly converted properties?
Most buyers of new build premises in Cuffley approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Cuffley usually purchase the land, 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 property lawyers 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 accustomed to new build conveyancing in Cuffley or who has acted in the same development.
I am looking into buying my first house which is in Cuffley and I am already nervous. I couldn't find anything specific about Cuffley. Conveyancing will be needed in due course but do you know about the Cuffley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Cuffley. In the meantime here are some basic statistics that we found
Finally our conveyancing in Cuffley is set to complete on Friday, but the couple I am buying from wishes to vacate the next day at noon. Can I accept such a plan?
You can't complete on a Saturday due to the bank systems aren't operating.