What does my ID and proof of funds have anything to do with my conveyancing in Bideford? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Bideford. However these days you can not complete any conveyancing deal in the absence supplying proof of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Proof of your origin of monies is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor must have this information on file. Your Bideford conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask additional queries concerning the source of monies.
My aunt passed away last year and as sole heir and executor I was left the house in Bideford. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
Given you intend to refinance then UBS will require that you use a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
I am buying my first flat in Bideford with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of extras instead. The estate agent told me not to tell my solicitor about the extras as it will adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a house in Bideford prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some banks may refuse to issue a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Halifax. If you call us we can investigate further via 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 Bideford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bideford to see if the conveyancing costs will increase in light of this.
I am a sole trader hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no costs for non-domestic conveyancing in Bideford for less than £2000?
We can recommend firms who have specialist knowledge of commercial conveyancing in Bideford, including the disposal and acquisition of businesses as well as simply property. If you are looking to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. Regarding the charges these will vary based on the structure and terms of the proposed transaction. Please provide us with your contact information or email so as to enable us to supply you with a detailed commercial conveyancing quote.
I need to find a conveyancing solicitor for purchase conveyancing in Bideford. I happened to discover a web site which appears to be the perfect offering If it is possible to get all the legals completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?