My husband and I are approaching an exchange on a house in Braunton and my mum and dad have transferred the exchange deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your lawyer is duty bound to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We are looking to buy a house and require a conveyancing solicitor in Braunton who is on the HSBC conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Braunton.
Due to the input of my in-laws I had a survey completed on a property in Braunton ahead of instructing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders will not grant a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Braunton. Conveyancing may be slightly more expensive based on your lender's requirements.
What tools are available to locate a Braunton law firm on the HSBC Bank conveyancing panel? I have a car and am willing to travel upto 25kilometers to meet the lawyer.
You can use the facility on this page. Please pick a mortgage company and your location and you will see a number of Braunton conveyancing lawyers based on proximity. We have listed some Braunton conveyancing firms towards the end of this page and you can telephone them to see whether they are on the HSBC Bank panel
Me and my husband are disposing of a Braunton flat we inherited ten years ago in 2012. I have over a decades worth of conveyancing experience and, now retired, see no reason not to do the legal work. The buyer's conveyancing practitioner has informed me that their building society will not allow you to do your own conveyancing as they require the funds to be transferred to a solicitor's bank account.
Lending instructions to conveyancing practitioners from all CML members specify that If the vendor does not have legal representation the buyer’s lawyers should check whether the mortgage company needs to be notified so that a decision can be made if they are willing to progress.