In what way does my ID and proof of funds have anything to do with my conveyancing in Penarth? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms and Conditions that you are required to sign should stipulate this. Your lender will also require certain documents to be viewed. Should you refuse to hand over identification documents, your lawyer would not be able to act for you.
What is the optimum way to investigate if the solicitor carrying out my conveyancing in Penarth is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus spending £175.00 in additional legal charges.
You should make the most of the search tool on this web page. Pick the mortgage company and type ‘Penarth’ or your location and you will see numerous solicitors offices in Penarth or nearest you.
My wife and I own a renovated Edwardian house in Penarth. Conveyancing lawyer represented me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penarth and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing lawyer who conducted the conveyancing.
I decided to have a survey done on a house in Penarth in advance of retaining solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some banks tend refuse to give a loan on this type of premises.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. If you call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Penarth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Penarth to see if the conveyancing costs will increase in light of this.
My husband and I are FTB’s - had an offer accepted, yet the agent informed us that the owners will only issue a contract if we appoint the agent's preferred lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Penarth
It is unlikely the owners are driving this. Should the vendor desire ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to go, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you are going to use your preferred Penarth conveyancing lawyers - as opposed tothe ones that will earn the estate agent a introducer fee or hit his conveyancing figures pre-set by HQ.
I have just appointed agents to market my basement flat in Penarth.Conveyancing has not commenced but I have recently had a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you clear the invoice as you normally would as all ground rent and service charges will be allottedas part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially