My wife and I are approaching an exchange on a house in Litherland and my mum and dad have sent the exchange deposit to my property lawyer. I am now advised that as the deposit has not come from me my property lawyer needs to disclose this to my lender. I am advised that, 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 lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your lawyer is obliged to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are planning to purchase with Loughborough BS. I visited 3 or 4 high street practices but cant to find a Litherland conveyancing firm on the Loughborough BS approved list. Can you help?
You should take advantage of the search tool on this web page. Pick the building society and type Litherland or your location and you will be presented with a number of lawyer based in Litherland or nearest you.
What can a local search reveal regarding the house we're purchasing in Litherland?
Litherland conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search is essential in every Litherland conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
How does conveyancing in Litherland differ for new build properties?
Most buyers of new build premises in Litherland contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because developers in Litherland tend to purchase 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 conveyancers 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 used to new build conveyancing in Litherland or who has acted in the same development.
How difficult is it to change conveyancer as I need to choose one who is on the Coventry Building Society conveyancing panel. I instructed a high street conveyancing solicitor in Litherland five minutes from me but the firm is not accepted by Coventry Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Litherland on the Coventry Building Society panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Litherland. In utilising search facility on this page, you can contrast charges for conveyancing solicitors in Litherland and beyond.
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 mortgage company 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.