My husband and I are only a couple days away from an exchange on a house in Porthcawl and my parents have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The solicitor is obliged to check with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Completion of my purchase has taken place for my property in Porthcawl. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I can not fathom if my mortgage offer requires a lease extension. I have called into my local Porthcawl building society branch on numerous occasions and was told they are content with the situation and they would lend. My Porthcawl conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. I have no idea who is right.
Your property lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
After weeks of negotiation I have agreed a price on an apartment in Porthcawl. My mortgage broker pressured me to appoint their solicitor. I paid an upfront payment of £175. A couple of days later, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Clydesdale conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Clydesdale panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
It has been three months since my purchase conveyancing in Porthcawl concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What tools are available to search for a Porthcawl law firm on the Halifax conveyancing panel? I drive a motor bike and am happy to travel upto 20kilometers to meet the conveyancer.
You can use the facility on this website. Please choose the mortgage company and your location and you will see a number of Porthcawl conveyancing lawyers based on proximity. We have listed some Porthcawl conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Halifax approved list
I need to instruct a conveyancing solicitor for sale conveyancing in Porthcawl. I've discover a site which looks to be the ideal solution If there is a chance to get all this stuff completed via web that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
At long last our conveyancing in Porthcawl completes next Friday, however the vendors I am buying from wishes to vacate on the Saturday PM. Do I agree to such a plan?
You can't complete on a Saturday due to the bank systems are not operational.