What does my ID and proof of funds have anything to do with my conveyancing in Cheetham Hill? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Cheetham Hill conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing where you live.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to validate not only the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this will result in your lawyer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to make a disclosure to the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Is there a search tool that I can use to check that the solicitor handling my conveyancing in Cheetham Hill is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus spending £175.00 in additional conveyancing invoice.
You should take advantage of the search tool on this page. Please choose the lender and type ‘Cheetham Hill’ or your location and you will discover a number of lawyer offices in Cheetham Hill or by proximity to you.
I am currently in the process of buying my council flat in Cheetham Hill. I have a mortgage offer with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
I currently have a mortgage with Coventry BS for my property in Cheetham Hill. Conveyancing was finalised months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Coventry BS?
Coventry BS must be informed of your intention before renting your property as this is likely to be a breach of Coventry BS’s mortgage conditions. It may be that Coventry BS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. You need not do this via a Coventry BS conveyancing panel firm.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Cheetham Hill bank branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Cheetham Hill conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend based on their published requirements. I have no idea who is right.
Your lawyer must follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I have recentlybecome aware that Arc property Solicitors have been shut down. They conducted my conveyancing in Cheetham Hill for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cheetham Hill conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Cheetham Hill is where the house is located. What do you suggest?
Flying freeholds in Cheetham Hill are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cheetham Hill you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cheetham Hill may decide 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.
In my capacity as executor for the will of my aunt I am selling a house in Neath but live in Cheetham Hill. My lawyer (who is 235 miles from merequires that I sign a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Cheetham Hill who can witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are located in Cheetham Hill