It may have been a long time coming a loan offer from HSBC for the refinancing of my 2 room maisonette is to be issued within the next few days. Are you able to recommend a cheap conveyancing practitioner in Morden?
You have come to the wrong place to search for cut-price fees for conveyancing solicitors in Morden. Our aim is to provide affordable conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing companies offering £99 conveyancing in Morden. In your best case scenario, in going for low cost conveyancing, you will end up with what you pay for and at worst you will end up being stung for extras and still not receive the service expected.
What does my ID and proof of funds have anything to do with my conveyancing in Morden? What am I being asked for?
To satisfy the Money Laundering Regulations any Morden conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, conveyancers are duty bound to validate not simply the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your solicitor ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to inform the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
What can a local search inform me concerning the house we're purchasing in Morden?
Morden conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search is essential in every Morden conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
I purchased a renovated Edwardian house in Morden. Conveyancing practitioner represented me and Santander. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should review 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 Morden and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who conducted the work.
I am purchasing a new build house in Morden with a mortgage from Santander. The builders refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not inform my conveyancer about this deal as it could impact my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Morden ahead of appointing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some banks will refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Morden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Morden to see if the conveyancing costs will increase in light of this.