My husband and I are getting closer to an exchange on a house in Fulford and my mum and dad have transferred the 10% deposit to my solicitor. I am now informed that as the deposit has not come from me my conveyancer needs to disclose this 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 advised the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor is legally required to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
It has been three months following my purchase conveyancing in Fulford took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Fulford differ for newly converted properties?
Most buyers of new build property in Fulford approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Fulford typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Fulford or who has acted in the same development.
Is it simple use your search app to find a conveyancing lawyer in Fulford on the authorised to act for my mortgage?
Step one is to choose a mortgage company such as Birmingham Midshires, Bank of Scotland or Platform Home Loans Ltd then type in your preferred area e.g. Fulford. Conveyancing organisations in Fulford and across England and Wales will then be listed.
I am thinking of appointing a conveyancing lawyer in Fulford for my home move. Is there any facility to check a firm’s complaints history with the profession’s regulator?
Anyone may review presented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA may monitor telephone calls for training reasons.