What does my ID and proof of funds have anything to do with my conveyancing in Corby? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Corby. Nowadays you will not be able to complete any conveyancing deal in the absence supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper section as well as the photo card part, one is not acceptable without the other.
Verification of the origin of money is mandated under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to retain this information on record. Your Corby conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional queries regarding the source of funds.
I purchased a terraced Georgian house in Corby. Conveyancing solicitor acted for me and National Westminster Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the matching address. Is it worth asking National Westminster Bank to clarify?
You should assess 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Corby and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing solicitor who carried out the work.
I'm purchasing my first flat in Corby with the aid of help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not to tell my conveyancer about this deal as it may affect my loan with the bank. Is this normal?.
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.
Given that I will soon spend over three hundred thousand on a garden flat in Corby I would like to have a conversation with the solicitor regarding thehome move ahead of appointing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer who will be doing your property ownership legalities in Corby.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Corby should be the figure that you end up paying.
My husband and I are a fortnight into a freehold purchase having been referred to a firm by the estate agent to carry out the conveyancing in Corby. I am not happy. Can you you assist me in finding new conveyancers?
They would need to be very poor to suggest changing them. Has the mortgage offer been sent? If so you must inform them of the new contact details and ensure the loan are re-issued. Your conveyancer needs to be on the lenders approved list to avoid escalating charges and complications. So that should be your starting point. Our search tool will help you find a bank approved conveyancer for your home move in Corby
I'm buying a bungalow in Corby. I can find my conveyancer's company on the Law Society's list, but I can't see my lawyer's name on the list. Is this a big problem?
Not all staff in the company must be listed by the regulator. Provided there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unqualified staff.