In what way does my ID and proof of funds have anything to do with my conveyancing in Kentish Town? What am I being asked for?
Kentish Town conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Proof of the origin of funds is also necessary in compliance with the money laundering regulations as conveyancers are obliged to ensure that the money you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase price where you are a cash purchaser) has come from an acceptable source (such as an inheritance) and is not the product of criminal activity.
My husband and I have arranged a further advance on our mortgage from Clydesdale as we intend to carry out improvements to our home in Kentish Town. Do we need to choose a high street Kentish Town solicitor on the Clydesdale conveyancing panel to deal with the legals?
Clydesdale don't usually instruct a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale panel.
We expect to receive a DIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Kentish Town solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Kentish Town solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
After much negotiation I have agreed a price on a house in Kentish Town. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an upfront payment of £150. Not long after, the conveyancing practitioner called me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require expedited conveyancing in Kentish Town as I have pressure to sign on the dotted line within 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are not getting a mortgage you are at free not to have searches carried out although no lawyer would recommend that you don't. With plenty of history conveyancing in Kentish Town the following are examples of issues that can be revealed and adversely impact future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I am buying a new build house in Kentish Town benefiting from help to buy. The developers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not disclose to my solicitor about this deal as it will put at risk my loan with the 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.
In my capacity as executor for the will of my father I am disposing of a residence in Swansea but live in Kentish Town. My conveyancer (approximately 235 miles from meneeds me to execute a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing solicitor in Kentish Town who can attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Kentish Town based
Our sealed bid on property in Kentish Town has been accepted, but there is a chain. The vendors have offered on a property, although it’s not yet tied up, and has viewings of other flats booked. I have instructed a nearby conveyancing lawyer in Kentish Town. What should be my next step? When should I get the mortgage application with Leeds Building Society going with Leeds Building Society?
It is standard to have apprehensions where there is an associated chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Kentish Town conveyancing search fees, etc). First, you should ensure that your property lawyer is on the Leeds Building Society conveyancing panel. Regarding the next steps this very much depends on the specifics of your case, desire for this property and on the state of the market. In a rising market some buyers would apply for a home loan with Leeds Building Society and pay for the valuation and only if it was satisfactory would they ask their solicitor to press on with searches.