What does my ID and proof of funds have anything to do with my conveyancing in Silsoe? What am I being asked for?
Silsoe conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty 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 provide two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Proof of the origin of monies is also required in accordance with the money laundering laws as solicitors are obliged to investigate that the money you are using to acquire a property (be it the exchange deposit or the total purchase amount if you are buying mortgage free) has come from legitimate source (such as an inheritance) as opposed to the product of illegitimate activity.
I just bought a property at auction in Silsoe. Conveyancing is necessary. What is next?
Having legally bound yourself to purchase you should appoint a conveyancing practitioner quickly as you are faced with a fast approaching a fixed date to complete the conveyancing. An auction property will have an associated auction set of papers. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the legal pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to hand this to the lawyer instructed by you at the earliest opportunity. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
We are planning to move house in May. Should my conveyancing solicitor communicate with the removal company on the day of completion. On a separate note, can you put forward a removal company in Silsoe. Conveyancing solicitor was chosen before I stumbled across your page.
On the day of completion you will need to pick up the keys from the property agent but this can only be done after the sellers solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be released. You will need to tell the removal company that they can start moving you in. We are not in a position to recommend a specific removal company but can assist you in locating a residential property solicitor in Silsoe or a legal practice with expertise in conveyancing in Silsoe.
My offer was accepted on a house in Silsoe on 10/1/2024, valuation was booked 4 days later, all came back fine. Property lawyer retained, so all that was missing was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
My relative recommended that where I am buying in Silsoe I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Silsoe conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Silsoe around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Silsoe.
Are there restrictive covenants that are commonly identified during conveyancing in Silsoe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Silsoe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Silsoe with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my solicitor about this deal as it may affect my loan with Lloyds TSB Bank. Should I keep quiet?.
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.
Due to the input of my in-laws I had a survey completed on a property in Silsoe prior to appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Silsoe. Conveyancing will be smoother if you use a solicitor in Silsoe especially if they are accustomed to such properties in Silsoe.