We opted for a Norton based lawyer for our conveyancing in Norton last week. Upon checking the small print I notewe are liable for fees even if the dealdoes not go ahead. Should I go with them or instruct an on-line lawyer who offer no completion no cost conveyancing in Norton?
It is usually a trade off in that if "No Completion No Fee" is available then the fee levels will tend to be be higher to counteract those cases that abort. Also remember that such schemes rarely protect you from outlay for example Norton conveyancing search expenses.
In what way does my ID and proof of funds have anything to do with my conveyancing in Norton? Is this really warranted?
Norton conveyancing solicitors and indeed property practitioners throughout the UK have a duty 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 provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).
Proof of source of monies is also required in compliance with the money laundering laws as solicitors are required to ensure that the monies you are utilising to acquire a property (be it the exchange deposit or the total purchase amount where you are buying without a mortgage) has come from legitimate source (such as employment savings) and is not the fruits of illegitimate activity.
I am helping my aunt sell her house in Norton. Does the conveyancer commission the energy performance certificate or it is for the seller to coordinate?
Following the demise of HIPs, energy assessments became a required component of moving house. An EPC needs to be commissioned prior to the property being marketed. It is not something that lawyers normally arrange. Where you are using a Norton conveyancing solicitor they might help arrange EPC’s given their contacts with long established local providers
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Norton bank branch on various occasions and was informed it wasn't an issue and they will lend. My Norton conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend based on their published requirements. I have no idea who is right.
The conveyancing practitioner must follow the CML Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
TSB have agreed my mortgage in principle, my bid on a flat in Norton has been agreed to, what are the next steps?
The estate agent will want to know who your solicitors are (ensure that the conveyancers are on the lender’s panel). Contact TSB or the financial adviser and complete any outstanding forms. TSB will appoint a valuer who will get in contact with the estate agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. TSB will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Norton.
It has been three months following my purchase conveyancing in Norton concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does the Landlord & Tenant Act 1954 impact my commercial property in Norton and how can your lawyers assist?
The particular law that you refer to gives security of tenure to business tenants, giving them the a statutory right to apply to court for a new lease and continue in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Norton is one of our many areas of the UK in which the firms we work with are based
My husband and I are first time buyers - agreed a price, yet the agent advised that the seller will only proceed if we use their chosen lawyers as they need an ‘expedited deal’. We would rather use a high street conveyancer used to conveyancing in Norton
We suspect that the seller is not behind this ultimatum. Should the vendor require ‘a quick sale', taking such a hostile approach to a motivated buyer is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you are going to use your preferred Norton conveyancing firm - as opposed tothose that will provide the estate agent a introducer fee or achieve conveyancing targets pre-set by corporate headquarters.