What does my ID and proof of funds have anything to do with my conveyancing in Norbury? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing business. The Client Care letter that you are required to sign should confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to hand over identification documents, your solicitor will not be able to take you on as a client.
We are selling our flat in Norbury. Does the conveyancing practitioner need to be on the Aldermore conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
I am purchasing a property in Norbury. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore be concerned?
Given that your lender is Aldermore your lawyer must follow the conveyancing requirements contained in Part two of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Aldermore where a lease does not meet these provisions. The requirements relate to the installation of panels on properties nationwide and is not isolated to Norbury.
My wife and I are in the throws of viewing apartments in Norbury and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Kent Reliance.
You should start requesting conveyancing quotes from solicitors ASAP. 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 selling agent. As you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
After shopping around on the internet I have found a Norbury lawyer having made sure that they are on the Barclays conveyancing panel. Does my lawyer arrange the survey of the property?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Norbury postcode. As you are getting a mortgage with Barclays, you could contact them to see if they have a list of approved surveyors in Norbury.
A colleague suggested that if I am purchasing in Norbury I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Norbury conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Norbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Norbury.
I decided to have a survey done on a house in Norbury prior to appointing lawyers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some lenders will not give a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Norbury. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Norbury and I am already nervous. I couldn't find anything specific about Norbury. Conveyancing will be needed in due course but do you know about the Norbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Norbury. In the meantime here are some basic statistics that we found