We are approaching an exchange on a property in Handsworth and my parents have transferred the ten percent deposit to my lawyer. I am now advised that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancer is legally required to check with mortgage company to make sure 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.
we are a couple who are hoping to buy a purpose built apartment in Handsworth with a homeloan from The Royal Bank of Scotland.We have a Handsworth conveyancing lawyer but The Royal Bank of Scotland informed us his firm is not listed on their approved list of member firms. we are left little option but to use a The Royal Bank of Scotland panel solicitor or keep our high street solicitor and fork out for a The Royal Bank of Scotland panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that The Royal Bank of Scotland use our lawyer?
Unfortunately,no. The loan offered to you contains various provisions, a common one being that solicitors needs to be on the The Royal Bank of Scotland solicitor panel. in the past, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for The Royal Bank of Scotland
How does conveyancing in Handsworth differ for newly converted properties?
Most buyers of new build or newly converted property in Handsworth contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because builders in Handsworth typically buy the real estate, 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 conveyancing solicitors 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 Handsworth or who has acted in the same development.
I am looking to sell my property. My previous solicitors has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Handsworth if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Handsworth. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
As co-executor for the estate of my grandmother I am disposing of a house in Monmouth but I am based in Handsworth. My conveyancer (who is 200 miles from meneeds me to execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Handsworth who can attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Handsworth
What are the compelling benefits to instructing a high street solicitor in Handsworth
Home movers in Handsworth decide on using a local solicitor so that they can visit in the event that they have questions, and to collect mortgage deeds without using the Royal Mail.
There is a slight advantage when opting for a conveyancing practitioner nearby to a property you are buying, due to the in-depth knowledge of the region and possible local issues - but this is debatable. Many conveyancers are now online and could be almost anywhere.