We are getting closer to an exchange on a house in Red Lodge and my mum and dad have transferred the ten percent deposit to my conveyancer. I am now informed that as the deposit has not come from me my 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 informed the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is duty bound to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
five months have gone by following my purchase conveyancing in Red Lodge concluded. I have checked the Land Registry website which shows that I paid £175,000 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 property 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.
I'm refinancing my existing house to a buy to let mortgage with Godiva Mortgages Ltd and I will use the ballance of the raised equity as a deposit on further property. The location we are interested in is Red Lodge. Will your conveyancers be able to act for the two banks and tie in the two deals?
Do use our comparison tool on this page to check that the solicitors are approved by both lenders. Having checked that they are the solicitor will be able to tie up the two conveyancing matters but you should talk with you solicitor and make clear your desired outcome and needs.
Am I best advised to instruct a Red Lodge conveyancing lawyer who is local to the property I am buying? An old friend can perform the legal formalities however her office is 300kilometers drive away.
The benefit of a high street Red Lodge conveyancing firm is that you can pop in to sign paperwork, present your ID and apply pressure on them where appropriate. They will also have local insight which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and the majority were content that should surpass using an unfamiliar Red Lodge conveyancing solicitor just because they are round the corner.
Living abroad I am unable to travel my Red Lodge conveyancing lawyers office to sign documents for conveyancing in Red Lodge – is this a problem?
No. Red Lodge conveyancing lawyers can conduct conveyancing transactions for clients wider afield. You are unlikely to be required to attend a Red Lodge conveyancers office. They can undertake all communications remotely from their Red Lodge premises.