My wife and I are approaching an exchange on a house in Buxton and my mum and dad have sent the ten percent 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 lender. I am advised that, 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 regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancing practitioner is legally required to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Buxton last June but my buyer keeps Skype messaging daily complaining that her lawyer is waiting to hear from mysolicitor. What should my lawyer have done following completion?
After completion of your sale your lawyer is duty bound to forward the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your solicitor must also send confirmation that the home loan has been redeemed to the buyers solicitors. There are no post completion requirements unique to conveyancing in Buxton.
I have justdiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Buxton for a purchase of a freehold house 10 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Buxton conveyancing specialists.
I'm purchasing my first flat in Buxton with a mortgage from Clydesdale. The builders would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not reveal to my lawyer about the deal as it may put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How simple is it to swap solicitor as I have to select a firm on the HSBC Bank conveyancing list. I hired a high street conveyancing solicitor in Buxton five minutes from me but the firm is not accepted by HSBC Bank
We will our best to assist in finding you a conveyancing solicitor in Buxton on the HSBC Bank panel. Please note that the solicitors that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Buxton. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Buxton.