My wife and I are buying a newly constructed duplex in Dover and my lawyer is telling me that she has to the lender to disclose incentives from the builder. I am under pressure to exchange contracts and I have no desire to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
In what way does my ID and proof of funds have anything to do with my conveyancing in Dover? Is this really necessary?
Dover conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to verify the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill no more than three months).
Proof of source of funds is also necessary in compliance with the money laundering regulations as conveyancers have a duty to check that the money you are using to buy a property (whether it be the deposit for exchange or the full purchase amount where you are buying mortgage free) has originated from an acceptable source (such as an inheritance) and is not the proceeds of criminal behaviour.
Due to the input of my in-laws I had a survey completed on a house in Dover prior to appointing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some lenders tend refuse to grant a mortgage on such a property.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Dover. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Dover and I am already nervous. I couldn't find anything specific about Dover. Conveyancing will be needed in due course but do you know about the Dover area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Dover. In the meantime here are some basic statistics that we found
I am using a search engine for the words on line conveyancing in Dover it shows results of numerous solicitorslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?
The best method of choosing a suitable conveyancer is through a trusted testimonial, so ask colleagues and relatives who have purchased a property in Dover or a respected estate agent or financial adviser. Costs for conveyancing in Dover vary, so it's sensible to request a minimum of four estimates from different solicitors. Make sure that you know that the fees are fixed.
Due to exchange soon on a garden flat in Dover. Conveyancing lawyers assured me that they report fully next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Dover should include some of the following:
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Whether your lease provides for a sinking account for major works? Where does the liability rest for maintaining the window frames The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Will you be prohibited or prevented from having pets in the property? How long the lease is. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years
Dover Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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How many of the leaseholders are in arrears for their service charge payments? Please note if it is less than 80 years it will affect the value of the apartment. It is worth checking with your lender that they are happy with remaining years on the lease. A short lease means that you will most likely need a lease extension at some point and it is worth finding out what this will be. Remember, in most cases you will be be obliged to have been the owner of the premises for 24 months before you are eligible to extend the lease. How much is the maintenance charge and ground rent on the property?