My wife and I are getting closer to an exchange on a house in Ferring and my parents have transferred the 10% deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my mortgage company. 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 advised the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is duty bound to clarify with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am purchasing my first flat in Ferring with a mortgage from Platform Home Loans Ltd. The builders would not budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not reveal to my solicitor about this extras as it may adversely affect my mortgage with Platform Home Loans Ltd. Is this normal?.
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.
I opted to have a survey done on a house in Ferring ahead of appointing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend refuse to give a mortgage on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ferring. Conveyancing will be smoother if you use a solicitor in Ferring especially if they are accustomed to such properties in Ferring.
How do I use the search app to choose a conveyancing solicitor in Ferring on the approved list for my lender?
Step one is to choose a bank such as Barclays , Chelsea Building Society or Alliance & Leicester then type in your preferred area e.g. Ferring. Conveyancing organisations in Ferring and beyond should be listed.
In my capacity as executor for the estate of my father I am selling a residence in Swansea but live in Ferring. My lawyer (who is 260 miles from merequires that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Ferring who can attest this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Ferring based