What does my ID and proof of funds have anything to do with my conveyancing in Henbury? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Henbury. However these days you will not be able to proceed with any conveyancing process without first supplying evidence of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are providing your driving licence as proof of ID it must be both the paper part as well as the photo card part, one is not satisfactory without the other.
Proof of the origin of monies is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must have this information on record. Your Henbury conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask additional queries regarding the source of monies.
Forgive me if this question is silly but I am new to the home buying as FTB of a ground floor flat in Henbury. Do I receive the keys to the premises on the completion date from my lawyer? If so, I will find a local conveyancing solicitor in Henbury?
On the day of completion you do not need to go to the conveyancers office in Henbury. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you will be invited to pick up the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
My offer was accepted on a house in Henbury on 4/10/2023, valuation was booked five days later, all came back fine. Property lawyer retained, so all that was missing was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Are UBS entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Skipton have agreed my mortgage in principle, my offer on a apartment in Henbury has been accepted, what are the next steps?
Your property agent will wish to know who your solicitors are (ensure that the conveyancers are on the lender’s approved list). Telephone Skipton or your broker and complete any relevant documentation. Skipton will instruct a valuer who will get in contact with the selling agent or owners to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. Skipton will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Henbury.
Should our conveyancer be raising enquiries regarding flooding as part of the conveyancing in Henbury.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Henbury. Plenty of people will acquire a house in Henbury, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a various checks that may be undertaken by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Henbury. The conventional set of completed inquiry forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to discover whether the premises has ever been flooded. In the event that flooding has previously occurred and is not disclosed by the owner, then a buyer may bring a legal claim for losses stemming from an incorrect response. A purchaser’s solicitors may also order an environmental search. This should higlight whether there is a recorded flood risk. If so, additional investigations will need to be initiated.
I have todaydiscovered that Action Conveyancing have closed. They conducted my conveyancing in Henbury for a purchase of a freehold house 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Henbury conveyancing specialists.
About to purchase a new build flat in Henbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Henbury
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Am I right to be wary about brokers that I am dealing with are recommending a factory type conveyancing firm as opposed to a High Street Henbury conveyancing practice?
As is the case with many professional services, often input from family and friends can be worth their weight in gold. But there are lots of players in a conveyancing matter; estate agents, financial adviser and lenders may recommend conveyancers to choose. On occasion the solicitors might be known to one of the organisations as being good in their field, but occasionally there might be a financial incentive behind the recommendation. You are free to appoint your own lawyer. Don't forget that most lenders have an approved list of conveyancers you are obliged to use for the lender related work in your transaction.