My wife and I are acquiring a brand new flat in High Wycombe and my conveyancer is advising me that she is duty bound to the bank to reveal incentives from the builder. I am on a tight deadline to sign contracts and I would rather not prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What does my ID and proof of funds have anything to do with my conveyancing in High Wycombe? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you need to sign should confirm this. Your lender will also require certain documents to be viewed. If you are unwilling to supply identification documents, your conveyancer would not be able to accept instructions from you.
Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Melton Mowbray Building Society conveyancing panel for example in High Wycombe?
We have not been informed any plans on the part of the BSA to develop such a tool.
My wife and I are downsizing from our house in High Wycombe and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street High Wycombe lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in High Wycombe. We have lived in High Wycombe for 5 years we know that this is a non issue. Do we get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I have recentlybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in High Wycombe for a purchase of a freehold house 10 months ago. How can I check that my home is not still registered in the name of the previous owner?
The easiest method to see if the premises is in your name, you can make 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 High Wycombe conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. High Wycombe is the location of the property. What do you suggest?
Flying freeholds in High Wycombe are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in High Wycombe you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in High Wycombe may ascertain 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 premises.