My wife and I are only a couple days away from an exchange on a house in Penge and my mum and dad have sent the ten percent deposit to my conveyancer. I am now informed that as the deposit has not come from me my conveyancer needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your property lawyer is duty bound to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Can you explain why leasehold purchase conveyancing in Penge costs more?
Penge leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
In researching moneysavingexpert.com for a high-quality lawyer in Penge, many advise that I must instruct a CQS kitemarked lawyer. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in buying or selling property, trusted by some of the UK's biggest banks. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Legal Ombudsman. CQS is not a scheme offered by the Council of Licensed Conveyancing. Penge is one of the numerous areas of the UK where there are Accredited solicitors.
What will a local search inform me regarding the house my wife and I purchasing in Penge?
Penge conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Onsearch The local search plays an important role in many a Penge conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I am selling my house. My previous solicitors have shut. I am in need of a recommendation of a conveyancing firm. Im based in Penge if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Penge. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.