My partner and I are getting closer to an exchange on a house in Claydon and my parents have sent the ten percent deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my property lawyer needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company 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 the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
A colleague advised me that where I am purchasing in Claydon I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Claydon conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Claydon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Claydon Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Claydon Education with maps and statistics, Local Amenities and other useful information concerning Claydon.
I am purchasing my first flat in Claydon with a loan from Clydesdale. The builders refused to reduce the amount so I negotiated 6k of additionals instead. The sale representative told me not inform my lawyer about the extras as it could jeopardize my loan 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.
Is it possible to transfer to a new conveyancer as I need to find one who is on the Coventry Building Society conveyancing panel. I instructed a local conveyancing solicitor in Claydon five minutes from me but he is not approved by Coventry Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Claydon on the Coventry Building Society panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Claydon. In making use of the find a conveyancing solicitor tool on this site, you can compare costs for conveyancing solicitors in Claydon and beyond.
If instructed can a conveyancer remove a name from the title of my property in Claydon ?
Subtracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a lawyer