In what way does my ID and proof of funds have anything to do with my conveyancing in Claydon? Why is this being asked of me?
Claydon conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no more than three months).
Confirmation of source of monies is also necessary under the money laundering regulations as lawyers are required to investigate that the money you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase amount where you are a cash purchaser) has originated from a reputable source (such as employment savings) rather than the product of illegitimate behaviour.
I have been told that property searches are the number one reason for stalling in Claydon house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Claydon.
It has been three months following my purchase conveyancing in Claydon completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Claydon differ for newly converted properties?
Most buyers of new build residence in Claydon approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Claydon usually 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 Claydon or who has acted in the same development.
I decided to have a survey done on a property in Claydon before instructing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies will refuse to issue a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions from Halifax. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Claydon. Conveyancing will be smoother if you use a solicitor in Claydon especially if they regularly deal with such properties in Claydon.
I am looking to sell my property. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Claydon if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Claydon. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.