In what way does my ID and proof of funds have anything to do with my conveyancing in Highbridge? Why is this being asked of me?
Highbridge conveyancing solicitors and indeed property practitioners throughout the UK have a duty 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 supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Evidence of the origin of monies is also necessary under the money laundering laws as solicitors are required to investigate that the funds you are utilising to purchase a property (be it the exchange deposit or the total purchase price if you are buying mortgage free) has originated from a reputable source (such as employment savings) as opposed to the fruits of criminal activity.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Highbridge. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/2/2026, the requirements read as follows :
What does a local search reveal about the property we're buying in Highbridge?
Highbridge conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Xpress Legal The local search is essential in every Highbridge conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I am purchasing a new build house in Highbridge with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my solicitor about this side-deal as it will impact my loan with HSBC Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a house in Highbridge before retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend refuse to grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Highbridge. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been recommended by a couple of local property agents in Highbridge to get a quote from a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to market your services over and above alternative conveyancing organisations?
We don’t make any commission for sending work our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.