My partner and I are getting closer to an exchange on a flat in Anstey and my mum and dad have sent the 10% deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my bank. 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 disclosed to the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The lawyer is legally required to check with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We note that you have a search directory listing firms on the Kent Reliance conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Anstey?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Anstey.
How do I investigate if the solicitor conducting my conveyancing in Anstey is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Norwich and Peterborough Building Society thus paying £175.00 in additional legal bill.
Please do make use of the search tool on this page. Please choose the mortgage company and type ‘Anstey’ or your location and you will see a number of lawyer located in Anstey or nearest you.
There are a variety of conveyancing solicitors in Anstey but how do I know who I should use?
It would be unwise to be swayed by the cheapest Anstey conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
How can we know in advance if a Anstey conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Anstey seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor conducting your transaction.
We expect to receive a DIP from Virgin Money this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Anstey solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Anstey solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I'm buying my first flat in Anstey benefiting from help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not disclose to my lawyer about this extras as it would put at risk my loan with the bank. Should I keep quiet?.
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.