I am nearing an exchange on a property in Looe and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my lender. I am advised that, 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 informed the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your property lawyer is obliged to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a search directory identifying law firms on the Nationwide conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Looe?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Looe.
I just bought a house at auction in Looe. Conveyancing is needed. What are my next steps?
Having exchanged you will need to retain a conveyancing practitioner soon as you are faced with a pending a drop dead date to complete the property. Every auction property will have a bespoke legal set of papers. This will likely include most,if not all of the documents that your conveyancer will need. In the case of leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in place to complete on the date specified in the contract.
When it comes to lenders such as Skipton, do Looe conveyancers incur a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
We were going to get a AIP from UBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Looe solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Looe solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I know that there are debates on Chancel Insurance on online forums. Do I need this when buying a residence in Looe? or I am told that there is a law dating back centuries that means some owners of property residing in a parish church boundary will be compelled to pay for repairs towards the chancel in proximity to the church. Is this applicable for conveyancing in Looe?
Unless a previous purchase of the premises took place after 12 October 2013 you can take it that lawyers delivering conveyancing in Looe to remain encouraging a chancel search and or insurance against a claim.
Due to the guidance of my in-laws I had a survey completed on a property in Looe before instructing lawyers. I have been told that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend not give a mortgage on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Looe. Conveyancing may be slightly more expensive based on your lender's requirements.
We are four weeks into a freehold purchase having been recommend to conveyancers by the selling agent to execute conveyancing in Looe. I am not happy. Can you you assist me in finding new solicitors?
A conveyancer would need to be very poor in order to consider diss instructing them. Has the loan offer been sent? In the event that it has you must make them aware of the new contact details and get the loan are issued to the new lawyers. Your solicitor ideally should be on the banks panel to avoid added expenses and delays. So that should be your starting point. Our find a solicitor tool will help you find a lender approved solicitor for your home move in Looe