I selected a Port Clarence based lawyer for our conveyancing in Port Clarence recently. Looking through the Terms and Conditions I seeI am responsible for charges even if the dealfalls through. Should I ditch them and appoint a web based lawyer offering no move no charge conveyancing in Port Clarence?
It is usually ‘give and take’ in that if "No Completion No Fee" is available then the conveyancing charges will generally be higher to offset the conveyances that abort. Do bear in mind that these promotions rarely protect you from expenses e.g. Port Clarence conveyancing search expenses.
What does my ID and proof of funds have anything to do with my conveyancing in Port Clarence? What am I being asked for?
Port Clarence conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Confirmation of source of funds is also necessary under the money laundering regulations as lawyers are obliged to investigate that the monies you are utilising to buy a property (whether it be the deposit for exchange or the total purchase amount if you are a cash purchaser) has come from a reputable source (such as an inheritance) as opposed to the proceeds of illegitimate behaviour.
Is there a search tool that I can utilise to check that the solicitor carrying out my conveyancing in Port Clarence is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for National Westminster Bank thus spending £175.00 in another set of legal charges.
You should take advantage of the search tool on this page. Pick the lender and type ‘Port Clarence’ or your location and you will discover numerous conveyancers offices in Port Clarence or near you.
I am buying a victorian detached house in Port Clarence. We would like to carry out an extension to the side at the property.Will the conveyancing process include checks to determine if these works were previously refused?
Your solicitor should review the deeds as conveyancing in Port Clarence will sometimes identify restrictions in the title documents which restrict certain changes or require the consent of another owner. Some works require local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
I'm the single beneficiary of my late father’s will and I have everything in my name now, including the house in Port Clarence. The Port Clarence property was put into my name in March. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership could be considered the same way as though I had purchased the house in March. Do I have to wait half a year to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How practical a view lenders take of it, depend on the lender as this obligation chiefly exists to capture subsales or the wholesaling and assigning of properties.
Last month we had a mortgage agreed in principle with UBS. Port Clarence conveyancing solicitors are chosen. What is the average time that one could expect to receive a mortgage offer from UBS?
Some lenders take longer than others. Have UBS completed the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I purchased a semi-detached Victorian house in Port Clarence. Conveyancing solicitor represented me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read 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 Port Clarence and other locations in 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 lenders. You can also enquire as to the situation with the conveyancing solicitor who completed the work.
Due to the encouragement of my in-laws I had a survey completed on a house in Port Clarence in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies may refuse to give a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Port Clarence. Conveyancing will be smoother if you use a solicitor in Port Clarence especially if they regularly deal with such properties in Port Clarence.