We are only a couple days away from an exchange on a property in Hazel Grove and my mum and dad have transferred the 10% deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my conveyancing practitioner needs to disclose this 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 disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancing practitioner is obliged to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Finally the sale completed on my house in Hazel Grove last October but the buyer keeps whats apping every few hours to say her conveyancer needs to hear from mine. What should have happened now that I have sold?
Following your sale your lawyer is committed to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. If applicable, your solicitor must also send confirmation that the legal charge in favour of the lender has been repaid to the buyers lawyers. There is unlikely to be post completion requirements peculiar conveyancing in Hazel Grove.
I have justdiscovered that Wolstenholmes have closed. They conducted my conveyancing in Hazel Grove for a purchase of a freehold house 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hazel Grove conveyancing specialists.
I am buying my first flat in Hazel Grove with a loan from Barnsley Building Society. The developers would not reduce the price so I negotiated £7000 of extras instead. The estate agent told me not inform my solicitor about the extras as it could affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Are there any apps to help identify a Hazel Grove law firm on the Bank of Ireland conveyancing panel? I have a car and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Hazel Grove conveyancing lawyers locally. We have listed some Hazel Grove conveyancing firms towards the end of this page and you can telephone them to check if they are on the Bank of Ireland member panel
Builders have put forward a conveyancer and I've sought a quote from them. It's nearly £300 less expensive than my preferred Hazel Grove conveyancer. What's the catch?
Housebuilders often have lists of conveyancing practitioners who expedite matters and who know the builder's contract and lawyer. As many developers offer an inducement to choose a preferred lawyer for this reason, any increased cost can be avoided and a developer will not recommend a conveyancing factory and run the risk of having the conveyancing stall when they want exchange in 28 days. The argument for not agreeing to use the recommended property lawyer is that they may prove unwilling to fight for your interests at the risk of upsetting the sellers. Where you have concerns that this may be the situation you should keep with your high street Hazel Grove solicitor.