We are getting closer to an exchange on a flat in Woking and my parents have sent the 10% deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my property lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancing practitioner is obliged to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Do lawyers ask for an advanced payment when it comes to conveyancing in Woking?
If you are buying a property in Woking your lawyer will request that you put them with monies to cover the search fees. Generally this is called for to cover the fees of the conveyancing searches. If any down payment is as part of the sale price then this will be needed immediately prior to exchange of contracts. Any further balance that is needed will be payable a few days prior to the completion date.
Is it necessary to take out insurance to cover chancel repairs when acquiring a house in Woking?
Unless a prior purchase of the property completed after 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Woking to continue to recommend a chancel search and or insurance against a claim.
Due to the guidance of my in-laws I had a survey completed on a property in Woking before instructing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies tend not issue a mortgage on this type of house.
It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woking. Conveyancing will be smoother if you use a solicitor in Woking especially if they regularly deal with such properties in Woking.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Woking?
At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Woking. As opposed to estate agents and many comparison sites we do not operate referral arrangements with solicitors. Many agents and online brokers 'recommend' solicitors that pays the most per referral, rather than the best value conveyancing in Woking
My partner has suggested that I use his conveyancing solicitors in Woking. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to have referrals from friends or family who have actually previously instructed the conveyancer that you are contemplating using.