I am in the market for a low cost property lawyer. Should I go for for a web based conveyancer as opposed to a family Clevedon conveyancing lawyer?
Clevedon is a special area, where local knowledge counts for a lot. The laid-back lifestyle is great – just not for your home move. The solicitors that we recommend providing specialist Clevedon know how with a proactive, hands-onapproach that ensures the conveyancing to progress without drama. It will certainly help where they benefit from established connections with mortgage brokers, search providers, valuers and other Clevedon conveyancing solicitors
I am hoping to move into my new home in Clevedon next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What risks does the lender expect the insurance to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These requirements are not limited to conveyancing in Clevedon.
What does my ID and proof of funds have anything to do with my conveyancing in Clevedon? What am I being asked for?
Clevedon conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Evidence of the origin of funds is also required under the money laundering statutes as solicitors are duty bound to ensure that the monies you are utilising to buy a property (be it the exchange deposit or the full purchase monies if you are buying without a mortgage) has come from an acceptable source (such as an inheritance) and is not the fruits of criminal behaviour.
Two weeks ago we had a mortgage agreed in principle with Santander. Clevedon conveyancing practitioners are instructed. How long does it take for Santander to issue the offer to the lawyer?
There is no definitive answer here. Have Santander conducted the survey? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not work out if my mortgage offer requires a lease extension. I have called my Clevedon building society branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Clevedon conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend in accordance with their specific requirements. I have no idea who is right.
As long as the solicitor is on the mortgage company panel, they must adhere to the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender 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 left on the lease.
Coventry BS have agreed my home loan in principle, my offer on a property in Clevedon has been agreed to, what happens next?
Your estate agent will want to know who your solicitors are (make sure the lawyers are on the lender’s approved list). Telephone Coventry BS or your financial adviser and finalise any relevant forms. Coventry BS will appoint a valuer who will get in contact with the selling agent or vendor to book an appointment. Once conducted (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Coventry BS will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Clevedon.
How easy is it to transfer to a new firm as I need to choose a firm on the Britannia conveyancing panel. I was using a local conveyancing solicitor in Clevedon round the corner but he is not approved by Britannia
It would be our pleasure to help you select a conveyancing solicitor in Clevedon on the Britannia panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Clevedon. In utilising the find a conveyancing solicitor tool on this website, you can compare charges for conveyancing solicitors in Clevedon and beyond.
Is there a reason that Clevedon conveyancing charges are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Clevedon more often than not will involve additional due diligence including fully examining the lease, corresponding with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.