What does my ID and proof of funds have anything to do with my conveyancing in Port Isaac? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you need to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to supply identification documents, your lawyer will not be able to take you on as a client.
I have a decision in principle. The bank mentioned the loan came with free conveyancing. Does this mean I have to use their panel solicitor as I would prefer to use a Port Isaac based conveyancing firm?
Do check but the the probability is that appoint one of their panel lawyers should you take up the "fee-free" incentive. Call the mortgage company and see if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Port Isaac.
It has been 2 months following my purchase conveyancing in Port Isaac took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
I am one month into a residential purchase having been recommend to a firm by the estate agent to carry out the conveyancing in Port Isaac. I am not happy. Could you you assist me in finding new solicitors?
They would have to be really bad in order to consider changing them. Has the mortgage offer been sent? In the event that it has you must make them aware of the new contact details and get the offer are re-sent. The solicitor ideally should be on the lenders panel to avoid added expenses and frustration. That should be your first question of the new conveyancers. The find a solicitor tool can assist you in finding a lender approved lawyer for your home move in Port Isaac
What advice can you give us when it comes to appointing a Port Isaac conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Port Isaac conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Port Isaac conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
-
What volume of lease extensions has the firm completed in Port Isaac in the last 12 months? What are the charges for lease extension work?
Port Isaac Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
-
This information is helpful as a) areas could cause problems in the building as the common areas may start to deteriorate where services are not paid for b) if the leasehold owners have an issue with the running of the building you will wish to have all the details Are any of leasehold owners in arrears of their service charge payments? Make sure you enquire if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being permitted in certain buildings in Port Isaac. If you love the flatin Port Isaac but your dog is not allowed to live with you then you will be presented with a hard choice.
Do lenders provide you with an approved list of Port Isaac solicitors? How do you know who is on the mortgage company conveyancing panel?
Port Isaac law firm practices and firms carrying out conveyancing in Port Isaac themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the mortgage company directly.