I opted for a local lawyer for my conveyancing in Doncaster yesterday. Going through the official terms of business it is apparent thatwe are liable for costs even if our purchase aborts. Should I go with them or appoint a web based solicitor practice promoting no-sale-no-fee conveyancing in Doncaster?
Generally there is a concession along the lines that if "No Sale No Fee" is available then the fee levels will tend to be be higher to cover the transactions that do not proceed. Dont forget that these offerings rarely cover outlay such your Doncaster conveyancing search fees.
What does my ID and proof of funds have anything to do with my conveyancing in Doncaster? Is this really necessary?
Doncaster conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under money laundering regulations to verify the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Proof of source of funds is also necessary in compliance with the money laundering laws as lawyers are duty bound to investigate that the monies you are utilising to buy a property (whether it be the deposit for exchange or the total purchase amount if you are a cash purchaser) has originated from a reputable source (such as an inheritance) rather than the proceeds of illegitimate behaviour.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Doncaster. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/9/2024, the requirements read as follows :
three months have elapsed following my purchase conveyancing in Doncaster completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the input of my in-laws I had a survey completed on a property in Doncaster in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders will refuse to issue a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Doncaster. Conveyancing will be smoother if you use a solicitor in Doncaster especially if they are acquainted with such properties in Doncaster.
I was pointed in your direction by a number of selling agents in Doncaster to find a property lawyer using your seach tool. Is there a financial upside for Estate Agents to promote your site over another?
We don’t make any financial incentive for directing people our way. We thought it would be too underhand to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.