In what way does my ID and proof of funds have anything to do with my conveyancing in Oxted? What am I being asked for?
Oxted conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity 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 ID (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).
Proof of the origin of monies is also necessary in accordance with the money laundering regulations as conveyancers are duty bound to investigate that the money you are utilising to buy a property (whether it be the deposit for exchange or the full purchase monies if you are a cash purchaser) has come from legitimate source (such as employment savings) and is not the product of illegitimate activity.
Do the Building Society Association intend to launch a online directory to list firms on the Loughborough BS conveyancing panel for example in Oxted?
We are not aware of any plans on the part of the BSA to promote such a register.
I'm purchasing my first flat in Oxted with a loan from Britannia. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not inform my conveyancer about this extras as it would jeopardize my mortgage 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 am looking to sell my home. My past lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Oxted if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Oxted. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
In scouring the web for the phrase conveyancing in Oxted it reveals numerous solicitorsin the area. How do I determine which is the right conveyancer for my move?
The preferential method of choosing a suitable conveyancer is via personal testimonial, so seek the counsel of friends and family who have purchased a property in Oxted or a local estate agent or mortgage broker. Costs for conveyancing in Oxted differ, so it's a good idea to request a minimum of three fee calculations from different solicitors. Dont forget to clarify that the fees are fixed.
I am in need of some leasehold conveyancing in Oxted. Before diving in I require certainty as to the number of years remaining on the lease.
Assuming the lease is registered - and most are in Oxted - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a split level flat in Oxted, conveyancing having been completed August 2005. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Oxted with a long lease are worth £202,000. The ground rent is £60 invoiced annually. The lease expires on 21st October 2081
With only 56 years left to run we estimate the price of your lease extension to span between £29,500 and £34,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.