My husband and I are approaching an exchange on a property in Onslow Village and my mum and dad have sent the 10% deposit to my property lawyer. I am now told that as the deposit has not come from me my property lawyer needs to make a notification to my lender. I am advised that, 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 informed the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancer is duty bound to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Onslow Village. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/9/2024, the requirements read as follows :
We had selected conveyancing lawyers locally in Onslow Village on the Clydesdale solicitor panel. They are now charging me a separate amount for the legal aspects of the Clydesdale mortgage. Is this an additional conveyancing fee specified by Clydesdale?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your solicitor can charge a fee for this. The charge is not dictated by Clydesdale but by your Onslow Village conveyancing practitioner. Some firms on the Clydesdale panel will quote an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
I am expecting a DIP from Coventry BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Onslow Village solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Onslow Village solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
The formalities of my purchase has taken place for my property in Onslow Village. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
What can a local search inform me regarding the house I am buying in Onslow Village?
Onslow Village conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Searches UK The local search is essential in every Onslow Village conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications applicable 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 13 subject sections.
I am looking for a ground for flat up to £305k and found one close by in Onslow Village I like with a park and transport links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Onslow Village for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
How simple is it to use the search facility to get a fee calculation from a conveyancing solicitor in Onslow Village on the panel for my bank?
1st pick a mortgage company such as Santander, Chelsea Building Society or Barclays Direct then choose your preferred area such as Onslow Village. Conveyancing organisations in Onslow Village and further afield should be identified.