I am acquiring a house mortgage free in Grange Park. I have resided for the previous twelve years in Grange Park. Conveyancing searches are expensive. Given that I know the road and vicinity intimately must I have all the conveyancing searches?
If you not getting a mortgage, then all but one or two of the Grange Park conveyancing searches are at your discretion. Your conveyancer will try and sway you, perhaps strongly, that you should have searches completed, but he is duty bound to take that path of advice. Do take into account; if you are intend to dispose of the house at a future date, it may be of interest to your prospective purchaser what the searches determine. There are plenty of instances where houses with apparent issues can still reveal unfavourable search results. A good conveyancing solicitor in Grange Park will provide you some constructive advice here.
In what way does my ID and proof of funds have anything to do with my conveyancing in Grange Park? What am I being asked for?
Grange Park conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).
Confirmation of the origin of funds is also required in accordance with the money laundering statutes as solicitors are mandated to check that the funds you are using to acquire a property (be it the exchange deposit or the full purchase price if you are buying without a mortgage) has come from legitimate source (such as employment savings) as opposed to the proceeds of criminal behaviour.
I used Action Conveyancing a few years past for my conveyancing in Grange Park. I now require my file however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Grange Park of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Grange Park differ for new build properties?
Most buyers of new build premises in Grange Park approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Grange Park usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Grange Park or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Grange Park is where the house is located. Can you shed any light on this issue?
Flying freeholds in Grange Park are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Grange Park you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Grange Park may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
For various reasons I am not able to travel my Grange Park conveyancing solicitors office to execute documents for conveyancing in Grange Park – is this a problem?
Not a problem. Grange Park conveyancing solicitors can deal with home moves for clients nationwide. It is not necessary for you to be able to visit a Grange Park conveyancers office. They can handle everything using post, email, telephone and fax.