I require conveyancing for a flat in a relatively new development (five years built) in Great Shelford. The vast majority the flats have already been sold. Is it really necessary to order conveyancing searches as part of conveyancing in Great Shelford?
Conveyancing Searches are a critical link in the Great Shelford conveyancing process. There are hundreds companies who offer Great Shelford conveyancing searches, as well direct from the local authority. These are generally termed personal search companies and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their data from the local authoritative source.
In what way does my ID and proof of funds have anything to do with my conveyancing in Great Shelford? Is this really necessary?
Great Shelford conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).
Confirmation of the origin of monies is also required in accordance with the money laundering laws as lawyers are duty bound to investigate that the monies you are using to buy a property (be it the exchange deposit or the full purchase price where you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the proceeds of illegitimate activity.
I just acquired a house at auction in Great Shelford. Conveyancing is required. What happens now?
Given that you are now exchanged you will need to instruct a conveyancing solicitor as a matter of priority as you are faced with a fast approaching a drop dead date to complete the purchase. Every auction property will have an associated auction set of papers. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You should give this to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
I had a mortgage agreed in principle with Coventry BS. Great Shelford conveyancing lawyers are appointed. What is the average time that one could expect to receive a mortgage offer from Coventry BS?
There is no definitive answer here. Have Coventry BS conducted the survey? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Planning on purchasing a flat in Great Shelford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Great Shelford property lawyer is on the Co-operative conveyancing panel.
I opted to have a survey completed on a property in Great Shelford before retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks will refuse to grant a loan on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Great Shelford. Conveyancing may be slightly more expensive based on your lender's requirements.
I am selling my property. My previous solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Great Shelford if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Great Shelford. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
Our solicitor in Great Shelford has requested from me identification documents asserting that this forms part of his requirements as a conveyancer on the lender Solicitor panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require Great Shelford conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements