We are approaching an exchange on a property in South Normanton and my mum and dad have transferred the 10% deposit to my property lawyer. I am now told that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancer is duty bound to check with mortgage company to ensure that they understand 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.
I am buying a semi-detached house in South Normanton. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in South Normanton you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in South Normanton.
My wife and I purchasing a end of terrace house in South Normanton. The intention is to an extension at the rear at the property.Will the conveyancing process include checks to determine if these works were previously refused?
Your conveyancer should check the deeds as conveyancing in South Normanton can on occasion identify restrictions in the title documents which prohibit certain changes or require the consent of another owner. Certain extensions require local authority planning consent and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
I am selling my house. I had a double glazing fitted in October 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nationwide are being pedantic. The South Normanton solicitor who is on the Nationwide conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Nationwide are insisting on a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My sealed bid on a house in South Normanton has been accepted, the owners do nevertheless have an associated purchase. The vendors have offered on on an apartment, but it’s not yet tied up, and have viewings of other properties booked. I have selected a nearby conveyancing solicitor in South Normanton. What do I do now? At what point should I apply for the mortgage with Lloyds?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, South Normanton conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Lloyds approved list. Concerning the subsequent phase this very much depends on the specifics of your transaction, attraction to the property and on the state of the market. In a hot market some purchasers would apply for the mortgage with Lloyds and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to press on with the conveyancing in South Normanton.
How does conveyancing in South Normanton differ for new build properties?
Most buyers of new build or newly converted property in South Normanton come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because house builders in South Normanton typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in South Normanton or who has acted in the same development.
I decided to have a survey carried out on a house in South Normanton in advance of retaining lawyers. I have been informed that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will not issue a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Normanton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Normanton to see if the conveyancing will be more expensive.