In what way does my ID and proof of funds have anything to do with my conveyancing in Ringwood? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Ringwood. Nowadays you will not be able to proceed with any conveyancing transaction without first providing evidence of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not acceptable without the other.
Verification of the source of monies is necessary in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer will need to have this information on file. Your Ringwood conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask additional queries concerning the source of monies.
I am helping my step-mother sell her property in Ringwood. Does the conveyancer order the energy performance certificate or should I organise this?
After the demise of Home Information Packs, energy assessments was kept a compulsory component of selling a house. An energy performance certificate needs to be to hand prior to the property being marketed. This is not something that lawyers normally arrange. Where you are instructing a Ringwood conveyancing lawyer they might help arrange EPC’s given their relationships with long established Ringwood providers
I am aiming to move house in May. Should my conveyancing solicitor update the removal company on the completion day. On a separate note, can you suggest a removal company in Ringwood. Conveyancing lawyer was chosen before I stumbled across this page.
On the afternoon of completion you can pick up the house keys from your property agent however this can only take place when the vendors conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be released. You will need to inform the removal men that you are ready to move in. As a matter of policy we do not recommend a specific removal company but can assist you in locating a conveyancing in Ringwood or a lawyer that specialises in conveyancing in Ringwood.
I am due to exchange contracts on my apartment. I had a double glazing fitted in May 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Bank of Ireland are being a right pain. The Ringwood solicitor who is on the Bank of Ireland conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Bank of Ireland are insisting on a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
It has been five months since my purchase conveyancing in Ringwood concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Ringwood benefiting from help to buy. The builders refused to budge the amount so I negotiated 6k of extras instead. The estate agent suggested that I not to tell my conveyancer about the extras as it may impact my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Is it best to instruct a Ringwood conveyancing practitioner in close proximity to the house I am purchasing? I have an old university friend who can handle the conveyancing however her office is 200miles away.
The benefit of a local Ringwood conveyancing firm is that you can pop in to execute paperwork, deliver your ID and pester them if necessary. Having local Ringwood know how is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and they were happy that should outweigh using an unfamiliar Ringwood conveyancing solicitor solely due to them being based in the area.
We own a leasehold flat in Ringwood. Conveyancing was finalised in last year. I have been told that I should not allow the lease length fall too low. Is this correct?
Ringwood domestic long term leases are for a fixed term - normally ninety nine years when they commenced. However many appartments in Ringwood were built or converted 35 or more years ago and so such leases now have less than eighty years left to run. That may sound like a long time but Banks, Building Societies and other mortgage lenders on the whole need leases to have at least seventy five years unexpired to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance your property value you should be considering whether or not to extend your lease long before you come to sell it. There are also advantages to doing so before the lease reaches even 80 years as when the lease falls below 80 years the amount you have to pay to extend starts to get a lot more expensive.