We are nearing an exchange on a property in Winnersh and my parents have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my conveyancer needs to disclose this to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancer is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
My wife and I are buying a house in Winnersh. I might seem paranoid but how we can trust a conveyancer? On completion day we have to put funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the only recipient of my late grandmother’s estate and I have everything in my name now, including the my former home in Winnersh. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the house. I understand that there is a CML six month 'rule', which means that my property ownership may be treated the same way as if I'd bought the house in October. Do I have to wait half a year to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. How sensible a view mortgage companies take of it, depend on the lender as this provision principally exists to capture the purchase and immediately sell or the wholesaling and assigning of properties.
Intending to buy a apartment in Winnersh. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Winnersh conveyancing practitioner is on the Lloyds conveyancing panel.
How easy is it to change solicitor as I have to retain a firm on the The Royal Bank of Scotland conveyancing list. I had appointed a local conveyancing solicitor in Winnersh five minutes from me but she is not approved by The Royal Bank of Scotland
It would be our pleasure to help you find a conveyancing solicitor in Winnersh on the The Royal Bank of Scotland panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Winnersh. In making use of the find a conveyancing solicitor tool on this website, you can compare charges for conveyancing solicitors in Winnersh and throughout England and Wales.
As co-executor for the will of my grandfather I am selling a residence in Swansea but live in Winnersh. My solicitor (who is 235 kilometers from mehas requested that I execute a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Winnersh who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Winnersh based
I have just had an offer accepted on an apartment in Winnersh and the broker that we are using recommended his solicitor. They quoted £900 excluding VAT and disbursements. Does this sound steep?
You should not rely on 1 quote. One should obtain like-for-like quotes for your conveyancing in Winnersh. Then select one that you trust and just as important, is on the approved panel of the mortgage company that you are sourcing your mortgage from.