Is there a reason to use a Consett conveyancing firm given that web based alternatives are less overpriced?
To take your time to find contrast conveyancing costs in Consett and you should seek a competitive fee calculation but don’t waste your energy searching for the lowest priced Consett conveyancer. Appointing the right conveyancer can mark the distinction between a seamless and a frustrating home move. You need to ensure that you have expert advice from a specialist lawyer. Emails can't replace a phone discussion and are no substitute for a one to one appointment. The firms that we work with will appoint you a qualified and trusted conveyancing solicitor that will handle your conveyancing from start to finish, providing a level of continuity that you are unlikely to received from an web based conveyancer. Our lawyers will contact you regularly to update you on any developments making sure that you are regularly updated. Should you need to phone the firm you will know who to ask for and we'll ensure you're not left wondering what's going on.
What does my ID and proof of funds have anything to do with my conveyancing in Consett? What am I being asked for?
To satisfy the Money Laundering Regulations any Consett conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, property lawyers are duty bound to check not just the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this may lead to your lawyer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to inform the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Are the BSA planning on creating a searchable register to to identify solicitors on the Coventry BS conveyancing panel for instance in Consett?
We would not expect to be advised of any plans on the part of the BSA to promote such a register.
My wife and I have a terraced Edwardian property in Consett. Conveyancing practitioner acted for me and Santander. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review 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 Consett and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing lawyer who conducted the purchase.
I'm buying my first flat in Consett benefiting from help to buy. The sellers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not reveal to my lawyer about this extras as it would impact my mortgage with the lender. Should I keep quiet?.
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 opted to have a survey done on a house in Consett ahead of retaining lawyers. I have been told that there is a flying freehold element to the property. The surveyor advised that some lenders may not issue a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Consett. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Consett to see if the conveyancing costs will increase in light of this.