We are nearing an exchange on a house in Hackenthorpe and my mum and dad have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The property lawyer is obliged to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Can I use your services to find a Conveyancing solicitor in Hackenthorpe even if I’m not buying or selling a house, for instance if I wish to acquire an office in Hackenthorpe with a loan from TSB?
Our comparison service is mainly utilised to get a quote from residential conveyancing solicitors in Hackenthorpe but we have listed towards the bottom of this page a few Hackenthorpe commercial conveyancing firms. You should speak with the company directly to see if they are also authorised to represent TSB
Can you help - my lawyer advises that missing deeds insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Hackenthorpe?
The appropriate level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Norwich and Peterborough Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
My partner and I have arranged a further advance on our home loan from Clydesdale as we wish to carry out alterations to our house in Hackenthorpe. Are we obliged to choose a high street Hackenthorpe solicitor on the Clydesdale conveyancing panel to deal with the legals?
Clydesdale do not ordinarily appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale panel.
Last month we had a mortgage agreed in principle with RBS. Hackenthorpe conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS done the survey? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Are there restrictive covenants that are commonly identified as part of conveyancing in Hackenthorpe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Hackenthorpe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in Hackenthorpe with the aid of help to buy. The sellers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not reveal to my conveyancer about the extras as it could put at risk my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been sourcing a conveyancing lawyer in Hackenthorpe for my home move. Can I review a firm’s record with the profession’s regulator?
You may read published Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA may monitor call for training requirements.