My husband and I are only a couple days away from an exchange on a property in Frenchay Common and my parents have transferred the exchange deposit to my conveyancer. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The lawyer is duty bound to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Frenchay Common so that I can attend their offices if required.
Whereas this was necessary 15 years ago, the vast majority lenders no longer require their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to hand over ID documents and there are still manifest advantages to choosing a locally based solicitor, in your situation a conveyancing solicitor in Frenchay Common.
When it comes to lenders such as Barclays, do Frenchay Common property lawyers face a yearly amount to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
My wife and I have arranged a further advance on our mortgage from Santander as we intend to conduct alterations to our house in Frenchay Common. Are we obliged to appoint a nearby Frenchay Common solicitor on the Santander conveyancing panel to deal with the paperwork?
Santander do not ordinarily appoint firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander conveyancing panel.
Completion of my remortgage has taken place for my property in Frenchay Common. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I am looking for a flat up to £305k and found one round the corner in Frenchay Common I like with a park and transport links in the vicinity, however it only has 52 years on the lease. There is not much else in Frenchay Common suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I am four weeks into a residential purchase having been referred to conveyancers by the local agent to perform conveyancing in Frenchay Common. I am am starting to be dissatisfied with the level of service. Could you help me find new solicitors?
They would need to be really poor to suggest replacing them. Has your mortgage been generated? In the event that it has you will need to inform them of the new contact details and ensure the offer are re-sent. Your solicitor ideally needs to be on the mortgage company panel to avoid escalating expenses and complications. That should be your first question of the new solicitors. Our find a solicitor tool can assist you in finding a bank approved solicitor for your conveyancing in Frenchay Common
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.