What does my ID and proof of funds have anything to do with my conveyancing in Rayleigh? Is this really necessary?
Rayleigh conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).
Evidence of the origin of monies is also necessary in compliance with the money laundering regulations as solicitors have a duty to investigate that the monies you are using to purchase a property (whether it be the deposit for exchange or the total purchase monies if you are buying mortgage free) has originated from an acceptable source (such as an inheritance) and is not the proceeds of illegitimate behaviour.
I am buying a house and require a conveyancing solicitor in Rayleigh who is on the The Royal Bank of Scotland solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Royal Bank of Scotland in certain locations such as Rayleigh. We dont recommend any particular firm.
I'm the only recipient of my late mum's will and I have everything in my name alone, including the house in Rayleigh. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my proprietorship will be considered the same way as if I'd bought the property in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most mortgage companies would take a pragmatic view as this obligation is principally there to identify the purchase and immediately sell or the wholesaling and assigning of property.
After shopping around on the internet I have found a Rayleigh lawyer having checked that they are on the Barclays conveyancing panel. Does my lawyer arrange the survey of the property?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Rayleigh postcode. As you are getting a mortgage with Barclays, you could contact them to see if they have a list of approved surveyors in Rayleigh.
UBS have agreed my mortgage in principle, my bid on a apartment in Rayleigh has been agreed to, what happens next?
The property agent will want to be advised as to your conveyancer's details (make sure the conveyancing practitioners are on the bank’s panel). Call up UBS or the broker and finalise any appropriate paperwork. UBS will sellect a valuer who will get in touch with the estate agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes on average a fortnight to receive the mortgage offer. UBS will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Rayleigh.
My wife and I are downsizing from our house in Rayleigh and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the buyers used a factory type conveyancing practice rather than a conveyancing solicitor in Rayleigh. Having lived in Rayleigh for many years we know of no issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
What does commercial conveyancing in Rayleigh cover?
Rayleigh conveyancing for business premises incorporates a broad range of advice, supplied by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Do online conveyancing organisations undertake everything a local Rayleigh solicitor does or must I use a solicitor for the final stages for my conveyancing in Rayleigh?
If you instruct an online conveyancer they will undertake all the tasks your Rayleigh conveyancer will cover.