What does my ID and proof of funds have anything to do with my conveyancing in Adlington? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Adlington. Nowadays you will not be able to proceed with any conveyancing transaction in the absence supplying evidence of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as proof of ID it must be both the paper element and photo card part, one is not sufficient without the other.
Proof of your origin of funds is necessary in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer must retain this information on file. Your Adlington conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further questions concerning the origin of funds.
My wife and I have arranged the release of further funds on our home loan from Skipton as we intend to carry out renovations to our home in Adlington. Are we obliged to select a high street Adlington solicitor on the Skipton conveyancing panel to handle the legals?
Skipton do not ordinarily require a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton panel.
My fiancee and I are at the point of looking at flats in Adlington and I am now considering a potential offer. Should I already have a conveyancing practitioner in place at this stage? I am planning to take a mortgage with Virgin Money.
It would be sensible to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. As you are getting a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
I am currently in the process of buying my council flat in Adlington. I have a mortgage offer with Nationwide. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
I am planning on selling our property in Adlington and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local conveyancer would know this is not the case. It does beg the question why the purchasers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Adlington. Having lived in Adlington for many years we know of no issue. Should we get in touch with our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Adlington differ for newly converted properties?
Most buyers of new build residence in Adlington come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Adlington 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 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 Adlington or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Adlington is where the house is located. Is there any advice you can impart?
Flying freeholds in Adlington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Adlington you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Adlington may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm refinancing my existing property to a buy to let mortgage with Bank of Ireland and I will use the rest of the raised equity towards further property. The location we are interested in is Adlington. Will your conveyancers be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our comparison tool on this page to check that the solicitors are approved by both banks. On the basis that they are your conveyancer should be able to connect the two deals but you should have a chat with you conveyancer and communicate your expectations and requirements.