My husband and I are getting closer to an exchange on a property in Blaenau Gwent and my parents have transferred the exchange deposit to my solicitor. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your property lawyer is duty bound to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a post code search directory identifying solicitors on the Nationwide conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Blaenau Gwent?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Blaenau Gwent.
My wife and I are purchasing a flat in Blaenau Gwent. I might seem paranoid but how we can trust a solicitor? On completion day we have to send our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are aiming to move property in July. Will my conveyancing solicitor update the removal company on the completion day. Incidentally, can you put forward a removal company in Blaenau Gwent. Conveyancing solicitor was found prior to coming across your site.
On the afternoon of completion you will need to collect the keys from the property agent however this should only occur once the vendors solicitors inform the agent that the monies to complete are in and the keys can be released. You should tell the removal company that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can assist you in finding a residential property solicitor in Blaenau Gwent or a legal practice with expertise in conveyancing in Blaenau Gwent.
I was told three weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Blaenau Gwent is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I was recommended by two or three local property agents in Blaenau Gwent to get a quote from a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to promote your lawyers rather than another?
We don’t offer any referral fee for directing people to this site. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Is it best to appoint a Blaenau Gwent conveyancing practitioner in close proximity to the house I am buying? We have a good friend who can carry out the legal work however they are based over three hundred kilometers away.
The benefit of a high street Blaenau Gwent conveyancing firm is that you can attend the office to sign paperwork, present your ID and apply pressure on them where appropriate. Having local Blaenau Gwent know how is a benefit. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that must trump using an unknown Blaenau Gwent conveyancing lawyer just because they are local.