What does my ID and proof of funds have anything to do with my conveyancing in Aberdovey? What am I being asked for?
To satisfy the Money Laundering Regulations any Aberdovey conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, property lawyers are obliged by law to ascertain not simply the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
My fiancee and I are at the point of looking at flats in Aberdovey and I am now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Lloyds.
It would be advisable to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are getting a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
I can not work out 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 my Aberdovey building society branch on various occasions and was informed it wasn't an issue and they would lend. My Aberdovey conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. Who do I believe?
The conveyancing practitioner has to follow the CML Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Our offer on a semi in Aberdovey has been agreed to, the owners do nevertheless have an associated purchase. The vendors have placed an offer on a property, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have chosen a high street conveyancing solicitor in Aberdovey. What should be my next step? At what point do I apply for the mortgage with Leeds Building Society?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then valuation, Aberdovey conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Leeds Building Society conveyancing panel. As to the subsequent stages this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. In a hot market many home buyers would apply for the mortgage with Leeds Building Society and pay for the valuation and only if it was satisfactory would they request their solicitor to proceed with the conveyancing in Aberdovey.
I purchased a renovated Georgian house in Aberdovey. Conveyancing practitioner acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aberdovey and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Aberdovey differ for newly converted properties?
Most buyers of new build or newly converted property in Aberdovey come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Aberdovey usually purchase the real estate, 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 used to new build conveyancing in Aberdovey or who has acted in the same development.
My father has recommend that I use his lawyers for conveyancing in Aberdovey. Should I use them?
Much as we are happy to recommend a Aberdovey conveyancing lawyer the best way to find a conveyancing lawyer is to get referrals from friends or family who have used the firm that you are contemplating using.
Been searching for a conveyancing practitioner for freehold sale conveyancing in Aberdovey. I'm selling, simple no mortgage to discharge, no hurry, currently empty. Received an estimate from a solicitor for £1000 excluding VAT which is a tad expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Aberdovey?
Considering it’s a sale only, £450 + VAT is likely to be about the cheapest for sale conveyancing in Aberdovey.