My wife and I are only a couple days away from an exchange on a property in Malden and my mum and dad have sent the ten percent deposit to my lawyer. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my mortgage company. Apparently, in also acting for the mortgage company he must advise 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 home loan, so is it really appropriate for him to raise this?
The lawyer is legally required to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
How do I investigate if the solicitor handling my conveyancing in Malden is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus paying £192.00 in additional conveyancing invoice.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this page. Pick the lender and type ‘Malden’ or your location and you will discover a number of lawyer offices in Malden or nearest you.
I am purchasing a new build house in Malden with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not disclose to my conveyancer about the side-deal as it would jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Malden is where the house is located. Can you offer any assistance?
Flying freeholds in Malden are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Malden you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Malden may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am a sole trader wishing to take over a lease of an office on the high street. Can you recommend solicitors offering no-move-no charges for commercial conveyancing in Malden for under £2000?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Malden, including the disposal and purchase of businesses as well as simply premises. Whether you are hoping to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the charges this will depend on the structure and complexity of the deal. Please provide us with your contact information or phone us so that we can furnish you with a fixed commercial conveyancing quote.
How much experience do your Malden conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Malden conveyancing lawyers help thousands of buyers move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Malden conveyancers have worked on recent similar matters.