In what way does my ID and proof of funds have anything to do with my conveyancing in Tilbury? Is this really necessary?
You are right in these requests have nothing to do with conveyancing in Tilbury. Nowadays you can not complete any conveyancing transaction without first providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper element and photo card part, one is not acceptable in the absence of the other.
Proof of your source of monies is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer will need to have this information on record. Your Tilbury conveyancing lawyer 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 will also ask further questions concerning the source of funds.
My solicitor has informed me that breach of easement insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Tilbury?
The right level of breach of easement indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
is it true that all Tilbury solicitor practices on the RBS conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the RBS conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
We previously instructed conveyancers located in Tilbury on the Nationwide solicitor approved list. They have just billed me a supplemental sum for the legal aspects of the Nationwide mortgage. Is this an additional conveyancing fee specified by Nationwide?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your solicitor is entitled to charge a fee for this. This charge is not set by Nationwide but by your Tilbury lawyer. Numerous firms on the Nationwide panel will charge an ‘acting for lender’ fee and others do not.
What can a local search reveal about the house we're purchasing in Tilbury?
Tilbury conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searches UK The local search is essential in every Tilbury conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
The estate agent has sent us the confirmation of our purchase of a new build flat in Tilbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Tilbury
-
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey done on a property in Tilbury prior to instructing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will not give a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tilbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tilbury to see if the conveyancing will be more expensive.
Me and my partner are buying a three bedroom bungalowin Tilbury with a residential mortgage from a bank. We like our solicitor in Tilbury however our bank says she’s not approved on their "panel". It seems we have little choice but to instruct one of the our mortgage company panel firms or keep our Tilbury conveyancer and incur the extra costs for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The bank mortgage offered to you is subject to conditions, one of which will be that lawyers will on the mortgage company's conveyancing panel. Until recently, most mortgage companies had large numbers of law firms on their panels, including many conveyancing solicitors in Tilbury : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your bank.