In what way does my ID and proof of funds have anything to do with my conveyancing in Great Dunmow? Why is this being asked of me?
Great Dunmow conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Proof of source of monies is also required in compliance with the money laundering laws as lawyers are mandated to investigate that the monies you are using to purchase a property (be it the exchange deposit or the total purchase price where you are buying mortgage free) has come from an acceptable source (such as employment savings) as opposed to the proceeds of illegitimate behaviour.
A colleague informed me that in purchasing a property in Great Dunmow there may be various restrictions as to what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Great Dunmow which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Great Dunmow should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can you point me to a directory of UBS panel solicitors in Great Dunmow on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings available on the web. Where you are seeking to appoint a Great Dunmow lawyer on the UBS please make the most of our facility.
I am buying a property in Great Dunmow. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Coventry BS your lawyer must comply with the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and lawyers are required to report to Coventry BS where a lease does not satisfy these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Great Dunmow.
The deeds to our home can not be found. The solicitors who did the conveyancing in Great Dunmow 4 years ago are no longer around. What do I do?
You no longer need to hold title deeds to establish that you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
Over the last few months I have been searching for a flat up to £305k and found one close by in Great Dunmow I like with a park and station nearby, the downside is that it's only got 52 years on the lease. There is not much else in Great Dunmow suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
We are 18 days into a leasehold purchase having been referred to conveyancers by the high street agent to perform conveyancing in Great Dunmow. I am am very dissatisfied with the level of service. Can you help me find new conveyancers?
A conveyancer would need to be really bad to suggest replacing them. Has your mortgage offer been sent? In the event that it has you must inform them of the new contact details and ensure the loan are re-issued. Your new conveyancer should be on the mortgage company approved list to avoid supplemental costs and complications. So that should be your first question of the new lawyers. Our search tool can assist you in finding a lender approved lawyer for your home move in Great Dunmow
18 days into purchasing a property in Great Dunmow. Conveyancing lawyer has told us the title is "Leasehold". Does this impact our mortgage valuation?
Great Dunmow conveyancing does not normally involve leasehold houses. The key consideration here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the value significantly.
At the other extreme, if it's, say, fifty five years it will have a material impact on the saleability, and probably wouldn't be mortgageable. The length of lease and ground rent will be specified in the lease which should be made available to your conveyancer.