My partner and I are approaching an exchange on a flat in Royal Tunbridge Wells and my mum and dad have sent the 10% deposit to my . I am now told that as the deposit has been received from someone other than me my needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?

The is obliged to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.

I have a decision in principle. The lender mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather use a high street conveyancing solicitor in Royal Tunbridge Wells?

Do check but the chances are that allocate you one of their panel lawyers if you take up the "fee-free" deal. Call the lender to explore if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Royal Tunbridge Wells.

My wife and I are at the point of viewing flats in Royal Tunbridge Wells and I am now considering a potential offer. Is it advisable to have my on ‘stand by’? I will be getting a home loan with .

You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with , make sure you remember to check that your lawyer is on the conveyancing panel.

I am due to exchange contracts on my apartment. I had a double glazing fitted in November 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, are being difficult. The Royal Tunbridge Wells solicitor who is on the conveyancing panel is saying indemnity insurance will be fine but are insisting on a building regulation certificate. Why do have a conveyancing panel if they don't accept advice from them?

It is probably the case that have referred the matter to their valuer. The reason why may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

Intending to buy a apartment in Royal Tunbridge Wells. 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 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 Royal Tunbridge Wells is on the conveyancing panel.

How does conveyancing in Royal Tunbridge Wells differ for newly converted properties?

Most buyers of new build residence in Royal Tunbridge Wells approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Royal Tunbridge Wells tend to buy 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 property lawyers 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 Royal Tunbridge Wells or who has acted in the same development.

Royal Tunbridge Wells Leasehold Conveyancing - Examples of Queries before buying

Best to be warned if redecorating or some other major work is anticipated that will be shared by the leaseholders and may well materially increase the the service costs or result in a specific payment. It would be prudent to discover as much as possible regarding the company managing the building as they will either make living at the property much easier or a lot more difficult. As the proprietor of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to day to day issues such as the tidiness of the communal areas. You should not be shy to ask other tenants whether they are happy with their service. In conclusion, be sure you discover the dates that the service fees are due to the appropriate party and specifically how they are spending that money. For most Royal Tunbridge Wells leaseholds the cost for major works tend not to be included within maintenance charges, although some managing agents in Royal Tunbridge Wells obliged leasehold owners to pay into a reserve fund and this is used to offset against larger works.