At long last a loan agreement from Santander for the refinancing of my 2 room garden flat is due imminently. Are you able to suggest a cheap conveyancing solicitor in March?
This site is not designed to assist those in pursuit of a cheap conveyancing solicitors in March. Our aim is to provide affordable conveyancing but our intention is not to advertise as being the cheapest. Do not be swayed by brokers offering ninety nine pound conveyancing in March. Optimistically, in deciding on low cost conveyancing, you will receive what you pay for and at worst you will end up spending a lot in extras and still not end up with the service you were looking for.
In what way does my ID and proof of funds have anything to do with my conveyancing in March? Why is this being asked of me?
March conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Evidence of the origin of monies is also required under the money laundering regulations as lawyers have a duty to ensure that the money you are utilising to buy a property (be it the exchange deposit or the full purchase price where you are buying mortgage free) has originated from a reputable source (such as employment savings) as opposed to the proceeds of illegitimate activity.
My wife and I buying a 4 bedroom semi-detached house in March. Our aim is to carry out a loft conversion at the house.Will legal investigations on the property include investigations to determine if these works are permitted?
Your conveyancer should check the registered title as conveyancing in March will sometimes reveal restrictions in the title documents which restrict categories of changes or require the consent of another owner. Certain additions need local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
is it true that all March solicitor practices on the Lloyds conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Lloyds approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
My partner and I are in the throws of viewing houses in March and I am about to put in an offer. Should I already have a conveyancer appointed at this stage? I am planning to take a home loan with TSB.
It would be sensible to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are seeking a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
I'm buying my first flat in March with a loan from Norwich and Peterborough Building Society. The builders refused to move on the price so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my solicitor about this side-deal as it will affect my loan with the bank. Do I keep my lawyer in the dark?.
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.
I have been on the look out for a leasehold apartment up to £235,500 and found one round the corner in March I like with amenity areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in March for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term may be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
Given that I am about to part with 450k on 3 bedroom house in March I wish to talk to a conveyancer about myhome move in advance of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the solicitor who will be carrying out your property ownership legalities in March.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in March should be the amount on the final invoice that you are charged.