I am getting closer to an exchange on a house in Swiss Cottage and my parents have transferred the 10% deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my property 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 coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The conveyancing practitioner is legally required to check with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
When looking at moneysavingexpert.com for a high-quality solicitor in Swiss Cottage, many comment that I must look for a CQS accredited lawyer. Can you explain what CQS is?
Swiss Cottage Conveyancing Quality Scheme solicitors have been granted certification by the law Society The Law Society introduced CQS to promote high standards in the home moving process. CQS helps home movers to recognise solicitor firms that provide a quality residential conveyancing. Swiss Cottage is one of the many areas in England and Wales in which CQS have offices. The conveyancing scheme obliges law firms to undergo a strict assessment, compulsory training, self-certification, spot checks and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Legal Ombudsman.
Have purchased a a semi-detached house in Swiss Cottage , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Swiss Cottage conveyancing solicitor has been painfully slow, so I want to check the post completion formalities are addressed.
As far as conveyancing in Swiss Cottage registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can vary according to the party submitting the application, whether it is in order and if the Land registry have to notify any interested parties. Currently in the region of three quarters of such applications are completed in less than three weeks but some can be subject to extensive hold-ups. Registration takes place once the buyer is living at the premises therefore post completion formalities is not always top priority yet where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I'm purchasing a new build house in Swiss Cottage with the aid of help to buy. The sellers refused to reduce the price so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my solicitor about the extras as it would put at risk my mortgage 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.
Is it possible to transfer to a new firm as I have to find one who is on the Nationwide Building Society conveyancing list. I was using a family conveyancing solicitor in Swiss Cottage five minutes from me but she is not accepted by Nationwide Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Swiss Cottage on the Nationwide Building Society panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Swiss Cottage. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Swiss Cottage.
I am looking for a conveyancing solicitor in Swiss Cottage for my remortgage. Is it possible to review a firm’s record with the profession’s regulator?
You can read published Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA may recorded call for training purposes.