We are approaching an exchange on a property in Abbots Bromley and my parents have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your conveyancer is legally required to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Are the BSA planning on creating a online directory to list practices on the Loughborough BS conveyancing panel for example in Abbots Bromley?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
I am purchasing a new build house in Abbots Bromley with a mortgage from Norwich and Peterborough Building Society. The builders would not move on the amount so I negotiated 6k of extras instead. The estate agent suggested that I not to tell my solicitor about the extras as it will adversely affect my mortgage with the lender. 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.
What does commercial conveyancing in Abbots Bromley cover?
Non domestic conveyancing in Abbots Bromley covers a wide array of services, given by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
As co-executor for the estate of my father I am selling a property in Neath but live in Abbots Bromley. My solicitor (approximately 235 miles awayrequires that I sign a stat dec prior to completion. Can you recommend a conveyancing lawyer in Abbots Bromley who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Abbots Bromley based