In what way does my ID and proof of funds have anything to do with my conveyancing in Mexborough? Is this really necessary?
Mexborough conveyancing solicitors and indeed property practitioners accross the UK have an obligation under money laundering regulations to verify the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Proof of source of funds is also required in compliance with the money laundering regulations as lawyers are obliged to investigate that the money you are using to purchase a property (be it the exchange deposit or the total purchase price if you are buying without a mortgage) has come from legitimate source (such as an inheritance) and is not the product of criminal behaviour.
My father informed me that in purchasing a property in Mexborough there could be various restrictions limiting what one can do in terms of external alterations to a property. Is this right?
We are aware of a number of properties in Mexborough which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Mexborough should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a property in Mexborough. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As you are obtaining a mortgage with Virgin Money your lawyer must check the formal instructions outlined in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Virgin Money where a lease does not comply with these requirements. The conditions relate to the installation of panels on properties nationwide and is not isolated to Mexborough.
We were going to get a DIP from HSBC this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Mexborough solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Mexborough solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I require quick conveyancing in Mexborough as I have pressure to exchange contracts inside 3 weeks. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to do searches although no law firm would advise that you don't. With lots of history conveyancing in Mexborough the following are examples of what can show up and therefore impact future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I purchased a renovated Edwardian property in Mexborough. Conveyancing practitioner acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Mexborough and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who carried out the work.
How does conveyancing in Mexborough differ for newly converted properties?
Most buyers of new build residence in Mexborough approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Mexborough typically purchase the real estate, 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 conveyancing solicitors 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 Mexborough or who has acted in the same development.
How much experience do your Mexborough conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Mexborough conveyancing lawyers help thousands of people move home every year and helped lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Mexborough conveyancers have worked on recent similar cases.