We were about to choose a conveyancing solicitor in Binfield endorsed on your site but stumbled across some other costs illustrations on the internet look less expensive – how come?
There are many firms of conveyancers offering what appear to be very low prices. You should think long and hard about how important this transaction is to you that you are willing to be penny wise pound foolish with regard to the quality of the legal work. Some hide fees deep into the terms of engagement. The law firms that we put forward for conveyancing in Binfield will notbehave this way.
In what way does my ID and proof of funds have anything to do with my conveyancing in Binfield? Why is this being asked of me?
Binfield conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Confirmation of source of funds is also necessary in compliance with the money laundering laws as solicitors are required to check that the money you are utilising to purchase a property (be it the exchange deposit or the full purchase amount where you are buying mortgage free) has come from a reputable source (such as employment savings) rather than the proceeds of criminal behaviour.
I am considering applying for a Principality mortgage for purchase of a newly converted (under development) in Binfield with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
In theory, you could use a solicitor that is not on the Principality conveyancing panel, but Principality would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a residence in Binfield? or I am told that there is historic law that could mean that owners of property living in a parish church boundary may be liable to contribute towards maintenance to the chancel in proximity to the church. Is this appropriate for conveyancing in Binfield?
Unless a prior acquisition of the premises took place after 12 October 2013 you can expect solicitors handling conveyancing in Binfield to remain encouraging a chancel search and or chancel repair liability insurance.
I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Binfield I like with a park and transport links nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Binfield in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
We're novice buyers - agreed a price, yet the agent advised that the seller will only move forward if we use their recommended conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Binfield
It is highly unlikely the sellers are driving this. Should the vendor desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Try to communicate with the sellers directly and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Binfield conveyancing solicitors - not the ones that will provide their negotiator at the agency a commission or achieve conveyancing targets pre-set by head office.