What does my ID and proof of funds have anything to do with my conveyancing in North Ockendon? Is this really necessary?
North Ockendon conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Evidence of the origin of monies is also necessary in accordance with the money laundering laws as solicitors are duty bound to ensure that the funds you are using to buy a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has come from legitimate source (such as employment savings) and is not the product of illegitimate activity.
We just had an offer accepted to buy with Loughborough BS. We have called around locally yet am unable to find a North Ockendon conveyancing firm on the Loughborough BS panel. Can you assist?
Feel free to make the most of the find a lender approved solicitor tool on this site. Pick the mortgage company and type North Ockendon or your preferred area and you will see numerous solicitors based in North Ockendon or by proximity to you.
I just acquired a flat at auction in North Ockendon. Conveyancing is necessary. What is next?
Having legally committed yourself to purchase you will need to choose a conveyancing lawyer quickly as you will have a fast approaching a fixed date to complete the transaction. All auction property should have a corresponding auction pack. This will likely include evidence of title and search results. Where you are dealing with leasehold premises the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that that you have the requisite funding organised to complete the transaction on the set completion date.
I happen to be the single recipient of my late mum's estate and I have everything in my name now, including the my former home in North Ockendon. The North Ockendon property was put into my name in October. I want to move. I understand that there is a CML six month 'rule', which means that my property ownership may be regarded the same way as though I had purchased the property in October. Do I have to wait half a year to sell?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How sensible a view banks take of it, depend on the mortgage company as this obligation principally exists to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.
We expect to receive a OIP from Aldermore this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any North Ockendon solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?
You will need to appoint North Ockendon solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
The deeds to my house are lost. The lawyers who dealt with the conveyancing in North Ockendon 4 years ago have long since closed. What are my next steps?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware exactly where to locate all the relevant documentation so you can purchase or dispose of your property without any difficulty. Where copies can’t be located, your conveyancer can put in place insurance or indemnities against possible claims on your premises.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. North Ockendon is the location of the property. What do you suggest?
Flying freeholds in North Ockendon are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside North Ockendon you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in North Ockendon may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking into buying my first house which is in North Ockendon and I am already nervous. I couldn't find anything specific about North Ockendon. Conveyancing will be needed in due course but do you know about the North Ockendon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at North Ockendon. In the meantime here are some basic statistics that we found