I am hoping to receive a offer of a home loan from Nat West. My intention is to employ the services of a Licensed Conveyancer in South Croydon. Does the Nat West Solicitor panel include Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
In what way does my ID and proof of funds have anything to do with my conveyancing in South Croydon? Why is this being asked of me?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in South Croydon. Nowadays you will not be able to complete any conveyancing process without first submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as proof of ID it needs to be both the paper part and photo card part, one is not satisfactory without the other.
Evidence of the source of monies is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must have this information on record. Your South Croydon conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions regarding the source of funds.
My colleague suggested that where I am purchasing in South Croydon I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your South Croydon conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about South Croydon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, South Croydon Education with maps and statistics, Local Amenities and other useful data regarding South Croydon.
I am looking for a ground for flat up to £305k and found one round the corner in South Croydon I like with amenity areas and railway links in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in South Croydon suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
My partner has encouraged me to use his conveyancers in South Croydon. Should I find my own conveyancer?
No doubt it’s preferable to choose a conveyancing practitioner is to get guidance from friends or relatives who have actually used the conveyancer you're considering.
Are there any apps to help search for a South Croydon conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 20miles to meet the solicitor.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location, in this case South Croydon and you will see a number of lawyer located nearest South Croydon. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.