Can you vouch for a Bank of Scotland approved Notting Hill conveyancing practice that can complete within less than a month? Would it be better to use a high street Notting Hill practice or a national firm?
We can recommend some very good Notting Hill conveyancing firms. Another option is to visit the high street in Notting Hill. Go in to two or three firms and request to see a conveyancing solicitor for a costs illustration. Explain your time frames together with the reasons and get an assurance on your deadline. Select the lawyer that genuine.
What does my ID and proof of funds have anything to do with my conveyancing in Notting Hill? Why is this being asked of me?
Notting Hill conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of source of funds is also necessary under the money laundering laws as solicitors are obliged to check that the funds you are using to purchase a property (whether it be the deposit for exchange or the total purchase amount where you are a cash purchaser) has come from legitimate source (such as an inheritance) rather than the fruits of criminal activity.
I am purchasing my first flat in Notting Hill with a mortgage from Barclays Direct. The developers refused to move on the amount so I negotiated 6k of additionals instead. The sale representative advised me not reveal to my solicitor about this extras as it could jeopardize my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I decided to have a survey carried out on a house in Notting Hill ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some banks will refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different requirements from Halifax. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Notting Hill. Conveyancing will be smoother if you use a solicitor in Notting Hill especially if they regularly deal with such properties in Notting Hill.
How difficult is it to swap conveyancer as I have to retain one who is on the Skipton Building Society conveyancing panel. I had appointed a high street conveyancing solicitor in Notting Hill round the corner but she is not approved by Skipton Building Society
It would be our pleasure to help you find a conveyancing solicitor in Notting Hill on the Skipton Building Society panel. Please note that the property lawyers that we list do not pay us fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Notting Hill. Using the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Notting Hill.
Should I cancel the direct debit for my mortgage with Clydesdale as soon as a completion date for my sale in Notting Hill has been set?
No, you must maintain meeting any mortgage payments to Clydesdale until the mortgage is repaid on completion as part of your Notting Hill conveyancing.