Me and my partner are acquiring a maisonette in Rowley Regis. My Conveyancer has never been on on the mortgage company conveyancing list. Is it possible for me to retain my Rowley Regis conveyancing solicitor even though they are excluded from the bank panel?
You must use a lawyer to deal with the legal work required if you require a loan to buy your property. The property lawyer will conduct all the necessary legal checks on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage documentation is dealt with. You could select a Rowley Regis conveyancer of your choosing. However, if the lawyer selected is not a member of the mortgage company approved list supplemental fees will be levied as separate legal representation will be required by them. Lender panel applications can be submitted, so provided your lawyer has not historically applied for membership they should do so.
My wife and I are nearing an exchange on a property in Rowley Regis and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has not arrived from me my solicitor needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The lawyer is obliged to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Rowley Regis with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
In theory, you could use a solicitor that is not on the Aldermore conveyancing panel, but Aldermore 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.
I am looking into buying my first house which is in Rowley Regis and I am already nervous. I couldn't find anything specific about Rowley Regis. Conveyancing will be needed in due course but do you know about the Rowley Regis area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rowley Regis. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my grandfather I am selling a property in Swansea but reside in Rowley Regis. My solicitor (who is 200 kilometers awayhas requested that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing practitioner in Rowley Regis to attest this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Rowley Regis based