What does my ID and proof of funds have anything to do with my conveyancing in Bala? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you are required to sign should stipulate this. Your lender will also require certain documents to be viewed. Where you are unwilling to hand over identification documents, your conveyancer can not take you on as a client.
Is it necessary to pay for insurance to cover chancel repairs when acquiring a residence in Bala?
Unless a previous acquisition of the property took place after 12 October 2013 you can assume that lawyers carrying out conveyancing in Bala to continue to recommend a chancel search and or insurance against a claim.
I have justdiscovered that Wolstenholmes have closed. They conducted my conveyancing in Bala for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bala conveyancing specialists.
How does conveyancing in Bala differ for new build properties?
Most buyers of new build property in Bala approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Bala typically buy the land, 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 Bala or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Bala prior to instructing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may not issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bala. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bala to see if the conveyancing will be more expensive.
As co-executor for the estate of my aunt I am selling a house in Swansea but live in Bala. My lawyer (based 200 kilometers awayrequires that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Bala who can witness and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Bala based