In what way does my ID and proof of funds have anything to do with my conveyancing in Slough? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you are required to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to provide identification documents, your conveyancer can not take you on as a client.
I am buying a terraced house in Slough. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Slough you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Slough.
I am assisting my niece sell her house in Slough. Does the conveyancer arrange an energy performance certificate or should I organise this?
Following the demise of Home Packs, EPC’s remained a mandatory element of moving property. An energy assessment should be commissioned before the property is advertised. This is not something that law firms normally arrange. If you are instructing a Slough conveyancing lawyer they may be willing to arrange energy performance certificates given their contacts with long established local assessors
When it comes to lenders such as Santander, do Slough solicitors face a fee to be on the conveyancing panel?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I can not fathom if my bank requires a lease extension. I have called into my local Slough bank branch on numerous occasions and was told they are content with the situation and they will lend. My Slough conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
As long as the solicitor is on the lender approved list, she or he must follow the Council of Mortgage Lenders’ Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial site in Slough?
Its becoming the norm that commercial conveyancing solicitors in Slough will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Slough. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Slough.
For each commercial conveyancing transaction in Slough it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Slough commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Slough.
I'm purchasing my first flat in Slough with the aid of help to buy. The builders refused to budge the amount so I negotiated 6k of additionals instead. The estate agent advised me not disclose to my solicitor about the extras as it would impact my loan with the bank. 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.
Developers have put forward a solicitor and I've received an estimate from them. It's nearly three hundred pounds cheaper than my preferred Slough solicitor. Should I use them?
Builders often have panels of conveyancing practitioners who expedite matters and who know the seller’s paperwork and lawyer. As many developers offer an inducement to use a preferred property lawyer for this reason, any increased fees can be avoided and a builder will not suggest a conveyancing warehouse and run the risk of having the transaction stall when they need an exchange inside a month. The argument for not opting for the recommended property lawyer is that they may prove reluctant to 'push' your interests for fear of upsetting the developer. If you worry that this may be the situation you should remain with your high street Slough conveyancer.