My financial adviser has asked me for my Lower Clapton solicitor’s panel member for the Nat West conveyancing panel. What is the best way to discover this. I have e-mailed my local Lower Clapton office but they have not got back to me yet.
You are best placed to get this information from your Lower Clapton solicitor . Most Lower Clapton conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
I am purchasing a house for cash in Lower Clapton. I have resided for the previous Seventeen years in Lower Clapton. Conveyancing searches are expensive. As I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then all but one or two of the Lower Clapton conveyancing searches are non-obligatory. Your conveyancer will 'advise', perhaps strongly, that you should have searches carried out, but he is duty bound to take that path of advice. One thing to take into account; if you are going to dispose of the house one day, it will be of importance to your prospective purchaser what the searches contain. There are plenty of instances where houses with no practical issues can still show up unfavourable search results. A good conveyancing solicitor in Lower Clapton will be able to give you some sensible advice concerning this.
I purchased a freehold house in Lower Clapton yet pay rent, why is this and what is this?
It is rare for properties in Lower Clapton and has limited impact for conveyancing in Lower Clapton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My Solicitor in Lower Clapton is not on the The Royal Bank of Scotland Approved Panel. Can I still continue with my prefered solicitor notwithstanding that they are excluded from the The Royal Bank of Scotland panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your existing Lower Clapton solicitors but The Royal Bank of Scotland will need to instruct a conveyancer on their panel. This will result in additional total legal fees and cause frustration.
- Choose a new lawyer to act in the purchase, remembering to check they are on the The Royal Bank of Scotland panel
Is it necessary to take out insurance to address the risk of chancel repairs when buying a property in Lower Clapton?
Unless a previous acquisition of the house took place post 12 October 2013 you could assume that solicitors delivering conveyancing in Lower Clapton to continue to advocate a chancel search and or chancel repair liability policy.
I am buying a house with all finances in place. My conveyancer has been given with 2 distinct forms of photo ID, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer advising that the funds are legitimate and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Lower Clapton conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering Regulations.