My husband and I are getting closer to an exchange on a flat in Cardigan and my mum and dad have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The conveyancer is duty bound to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
How does conveyancing in Cardigan differ for new build properties?
Most buyers of new build residence in Cardigan approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Cardigan usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Cardigan or who has acted in the same development.
I am looking into buying my first house which is in Cardigan and I am already nervous. I couldn't find anything specific about Cardigan. Conveyancing will be needed in due course but do you know about the Cardigan area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Cardigan. In the meantime here are some basic statistics that we found
I am looking for a conveyancing practitioner in Cardigan for my house move. Can I see a firm’s record with the profession’s regulator?
Members of the public can read documented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes monitor call for training requirements.
How much experience do your Cardigan conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Cardigan conveyancing lawyers help thousands of people move home every year and assisted plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Cardigan conveyancers have worked on recent similar cases.