I am expecting a mortgage with Nat West. I hope to instruct a Licensed Conveyancer in Congleton. Does the Nat West Solicitor panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am getting closer to an exchange on a house in Congleton and my parents have transferred the ten percent deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my lender. Apparently, 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 about my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The solicitor is legally required to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I am considering applying for a Virgin Money mortgage for purchase of a newly converted (under development) in Congleton with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Virgin Money ?
In theory, you could use a solicitor that is not on the Virgin Money conveyancing panel, but Virgin Money would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
My cousin has urged me to appoint his conveyancers in Congleton. Should I use them?
No doubt the ideal way to choose a conveyancing solicitor is to get referrals from friends or relatives who have actually previously instructed the solicitor you're considering.
What type of property do your Congleton conveyancing estimates apply to?
Our conveyancing quotes are only applicable to standard domestic homes in England & Wales. Should you have any different requirements such as industrial or agricultural land or commercial conveyancing in Congleton please contact us to consider this further .