I am in a contract race with another buyer for a property in Knutsford. What can I do to quicken up the buying process?
In the event that the seller is applying a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will benefit local contacts and knowledge. It is possible that they would have transacted otherproperties in the same neighbourhood. Therefore consider using a Knutsford conveyancing lawyer. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is said that nearly one in five of Knutsford conveyancing transactions are held up or jeopardised after discovering a buyer’s conveyancer was not on their banks list of approved solicitors. This can often result in the transaction being delayed by an average of 21 days. It is believed that this issue impacts in the region of one hundred thousand home moves every year. Many Knutsford conveyancing firms can not represent certain banks so do check at the outset.
What does my ID and proof of funds have anything to do with my conveyancing in Knutsford? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Knutsford. However these days you can not proceed with any conveyancing deal without first providing proof of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are providing your driving licence as proof of identification it must be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.
Evidence of the source of monies is required in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to have this information on record. Your Knutsford conveyancing solicitor will require evidence of proof of funds prior to accepting any money from you into their client account and they should also ask further questions regarding the source of funds.
I am purchasing a new build flat in Knutsford. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Knutsford you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Knutsford.
How does conveyancing in Knutsford differ for new build properties?
Most buyers of new build residence in Knutsford contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Knutsford tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Knutsford or who has acted in the same development.
I'm refinancing my current home to a buy to let loan with HSBC Bank and I will use the rest of the raised equity as a deposit on another house. The neighborhood we are looking at is Knutsford. Will your solicitors be able to act for both sets of mortgage companies and link together the transactions?
Make use of our comparison tool on this page to ensure that the lawyers are approved by both banks. Assuming that they are the solicitor should be able to connect the two deals but you should talk with you conveyancer and communicate your expectations and needs.
My conveyancers in Knutsford have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the bank. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.