My wife and I are nearing an exchange on a flat in Waddon and my mum and dad have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your conveyancer is duty bound to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are purchasing a flat and require a conveyancing solicitor in Waddon who is on the Principality solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Waddon.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when buying a property in Waddon?
Unless a previous purchase of the property completed post 12 October 2013 you can expect lawyers conducting conveyancing in Waddon to continue to recommend a chancel search and or insurance against a claim.
I have todayfound out that Stirling Law have been shut down. They carried out my conveyancing in Waddon for a purchase of a freehold house 10 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Waddon conveyancing specialists.
I am buying my first flat in Waddon with a loan from Accord Mortgages Ltd. The developers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not disclose to my lawyer about the deal as it could jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
As co-executor for the estate of my father I am disposing of a residence in Cardiff but live in Waddon. My lawyer (based 235 kilometers awayrequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Waddon to attest this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Waddon based