We are approaching an exchange on a flat in Shirley and my parents have transferred the ten percent deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my conveyancer needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your property lawyer is obliged to clarify 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 mortgage company if you agree, failing which, your lawyer must cease to continue acting.
My lender has suggested a law firm on their panel based in Shirley but I would rather choose a conveyancing lawyer in Shirley or nearer to where I live. Are you able to assist?
Far from all Shirley conveyancing firms are listed all banks conveyancing panel. Use the above find an approved solicitor tool to find a Shirley conveyancing conveyancer on the on the mortgage company panel.
We are buying a flat in Shirley. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to deposit our life savings into their account. What protection do 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.
TSB have agreed my home loan in principle, my bid on a apartment in Shirley has been agreed to, what happens next?
The estate agent will need to be informed of your solicitor's details (make sure the lawyers are on the bank’s panel). Call up TSB or your financial adviser and complete any appropriate paperwork. TSB will instruct a valuer who will get in touch with the estate agent or seller to arrange a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. TSB will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Shirley.
Our offer on a property in Shirley has been agreed to, the sellers do nevertheless have a dependent purchase. The sellers have offered on on an apartment, but it’s not yet agreed to, and are looking at other flats in the pipeline. I have instructed a high street conveyancing solicitor in Shirley. What do I do now? At what point do I apply for the mortgage with Clydesdale?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of £1k, then valuation, Shirley conveyancing search costs, etc). First, you must check that your lawyer is on the Clydesdale conveyancing panel. Concerning the subsequent steps this very much dictated by the circumstances of your transaction, attraction to this property and on the state of the market. In a rising market many buyers will apply for a home loan with Clydesdale and pay for the valuation and only if it was satisfactory would they pay their solicitor to move forward with the conveyancing in Shirley.
I was pointed in your direction by a few estate agents in Shirley to select a property lawyer using your seach tool. What’s the financial upside for Estate Agents to offer your services rather than alternative conveyancing organisations?
We refuse to offer any referral fee for sending work our way. We found it would be just too difficult a fee as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I need to retain a conveyancing solicitor for remortgage conveyancing in Shirley. I have stumble across a site which seems to have the perfect answer If it is possible to get all the legals completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?