My wife and I are approaching an exchange on a flat in Stony Stratford and my parents have transferred the 10% deposit to my property lawyer. I am now told that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is obliged to check with the bank 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 mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are planning to acquire a flat and need a conveyancing solicitor in Stony Stratford who is on the Nationwide approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide . We don't recommend any particular firms conducting conveyancing in Stony Stratford.
Are all Stony Stratford Conveyancing Quality Solicitors on the Virgin Money conveyancing list of approved solicitors?
Some major banks and building societies now make use of CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
I'm spending time viewing apartments in Stony Stratford and I am now considering a potential offer. Should I already have a property lawyer appointed at this point? I will be getting a mortgage with Santander.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are taking out a mortgage with Santander, make sure you remember to check that your lawyer is on the Santander conveyancing panel.
My offer on a semi in Stony Stratford has been accepted, the vendors do nevertheless have a connected purchase. The owners have offered on a property, however it’s not been accepted yet, and are looking at other properties booked. I have chosen a bricks and mortar conveyancing solicitor in Stony Stratford. What should be my next step? At what point should I apply for the mortgage with UBS?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Stony Stratford conveyancing search fees, etc). First, you must ensure that your conveyancing practitioner is on the UBS conveyancing panel. Concerning the subsequent steps this very much dictated by the circumstances of your case, motivation for the property and on the state of the market. During a hot market some home buyers would apply for a home loan with UBS and pay for the valuation and only if it was satisfactory would they request their solicitor to press on with the conveyancing in Stony Stratford.
I got the keys to my apartment on 12 April and the transaction details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Stony Stratford said it will be formalised inside ten days. Are properties in Stony Stratford particularly slow to register?
As far as conveyancing in Stony Stratford is concerned, registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and if the Land registry communicate with any third parties. As of today in the region of three quarters of such applications are completed within two weeks but some can be subject to extensive delays. Registration is effected once the purchaser is living at the premises thus an expedited registration is not always top priority but where there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.
In searching the internet for the phrase on line conveyancing in Stony Stratford it shows results of many solicitorsin the vicinity. With so much choice what is the best way to find the right conveyancer for me?
The ideal way of choosing a suitable conveyancer is via personal referral, so seek the opinion of friends and those you trust who have purchased a property in Stony Stratford or the respected estate agent or mortgage broker. Charges for conveyancing in Stony Stratford vary, so it's advisable to obtain a minimum of four fee calculations from different solicitors. Make sure that you clarify that the fees are fixed.