My partner and I are approaching an exchange on a flat in Llanfairfechan and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I advised the mortgage company concerning 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 check with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My wife and I have recently appointed a conveyancing solicitor in Llanfairfechan. I need to find out whether they are accepted on the Britannia approved list of lawyers. Can you assist?
The first thing to do is e-mail your conveyancer and ask them if they are on the lender panel. Alternatively you should get in touch with Britannia who may be able to confirm.
My colleague advised me that where I am purchasing in Llanfairfechan I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Llanfairfechan conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Llanfairfechan around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Llanfairfechan.
I'm purchasing my first flat in Llanfairfechan with a loan from Skipton Building Society. The developers refused to move on the amount so I negotiated 6k of additionals instead. The house builders rep told me not to tell my solicitor about this extras as it could adversely affect my loan with Skipton Building Society. Do I keep my lawyer in the dark?.
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.
I am a sole trader planning to take over a lease of a shop on the high street. Can you recommend conveyancers offering fixed fees for commercial conveyancing in Llanfairfechan for below 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Llanfairfechan, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can find you the right solicitor. As for the fees these will vary based on the structure and heads of terms of the deal. Let us have your details or phone so as to enable us to provide you with a fixed commercial conveyancing quote.
As co-executor for the will of my uncle I am disposing of a property in Swansea but reside in Llanfairfechan. My conveyancer (based 250 miles awayrequires that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Llanfairfechan who can witness this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Llanfairfechan