My husband and I are approaching an exchange on a house in The Ridgeway and my mum and dad have sent the exchange deposit to my property lawyer. I am now told that as the deposit has not arrived from me my property lawyer needs to disclose this to my mortgage company. I am advised that, 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 informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The conveyancing practitioner is obliged to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am aiming to move home in December. Does my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you put forward a removal company in The Ridgeway. Conveyancing solicitor was found before I stumbled across this website.
On the afternoon of completion you will need to collect the keys from the estate agent but this should only occur after the previous owners solicitors inform the agent that they have the completion monies and the keys can be handed over. After that you should inform the removal men that they can start moving you in. We do not recommend a specific removal organisation but can assist you in finding a conveyancing in The Ridgeway or a lawyer that specialises in conveyancing in The Ridgeway.
Is there a list of Skipton panel conveyancers in The Ridgeway on the Building Society Association’s Website?
No. There is no such facility on the CML or Building Society Association websites. Very few lending institutions make their panel listings open the public on the web. If you are seeking to appoint a The Ridgeway conveyancing practitioner on the Skipton please use our tool.
We have agreed to purchase a house in The Ridgeway. An unusual aspect is that the roof has a solar panel. Yorkshire BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Yorkshire BS your lawyer must check the formal instructions contained in Section 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and lawyers are required to report to Yorkshire BS where a lease does not comply with these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to The Ridgeway.
I'm purchasing a new build house in The Ridgeway with a mortgage from Bank of Ireland. The developers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about the side-deal as it may jeopardize my loan with Bank of Ireland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 am looking for a flat up to £305k and identified one round the corner in The Ridgeway I like with a park and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in The Ridgeway for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
Been reading online that The Ridgeway solicitors are more costly than The Ridgeway conveyancers in The Ridgeway to use when purchasing a house. Am I better off using a conveyancer or a solicitor where I am buying for my home move in The Ridgeway.
When it comes to conveyancing in The Ridgeway the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.