I am approaching an exchange on a property in Banbury and my parents have sent the exchange deposit to my property lawyer. I am now told that as the deposit has not come from me my lawyer needs to disclose this to my bank. 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 disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your conveyancer is legally required to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We note that you have a post code search directory listing firms on the TSB conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Banbury?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Banbury.
We hope to to purchase with Darlington Building Society. I popped in a couple of high street solicitors yet cant to find a Banbury conveyancing firm on the Darlington Building Society approved list. Please you assist?
You should make use of the search tool on this web page. Please choose the building society and type Banbury or your preferred area and you will discover numerous conveyancers offices in Banbury or nearest you.
Me and my partner are purchasing a flat in Banbury. It might be a silly question but how we can trust a solicitor? At some point we will need to put funds into their account. What is the protection we have from them run away with our money?
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.
Is it correct that all Banbury CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing panel?
A selection of lenders now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
My sealed bid on a semi in Banbury has been agreed to, the owners do however have a dependent purchase. The owners have put an offer on somewhere, but it’s not been accepted yet, and have viewings of other properties booked. I have instructed a bricks and mortar conveyancing solicitor in Banbury. What should be my next step? At what point do I apply for the mortgage with UBS?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Banbury conveyancing search fees, etc). First, you must check that your solicitor is on the UBS approved list. As to the next phase this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. In a hot market many home buyers will apply for a home loan with UBS and pay for the valuation and only if it was satisfactory would they ask their solicitor to move forward with searches.
I have todaybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Banbury for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Banbury conveyancing specialists.