My wife and I are about to complete buying a property in Staindrop but as a result of wreckage from some water damage at the property I have managed to agree compensation from the seller of six thousand pounds taking the form of a deduction in the price. I had intended this to be addressed as part of a side agreement yet Skipton will not permit this. Why were they approached?
Any property lawyer that is on a Skipton approved list is duty bound to advise Skipton of any changes to the sale price. If you were to refuse your solicitor to disclose the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new property lawyer for your conveyancing in Staindrop.
In what way does my ID and proof of funds have anything to do with my conveyancing in Staindrop? Why is this being asked of me?
Staindrop conveyancing solicitors and indeed 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 ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Evidence of source of funds is also necessary under the money laundering laws as lawyers are required to check that the monies you are using to buy a property (be it the exchange deposit or the full purchase monies if you are a cash purchaser) has come from a reputable source (such as employment savings) and is not the proceeds of criminal activity.
Will commercial conveyancing searches reveal proposed roadworks that could impact a commercial estate in Staindrop?
Its becoming the norm that commercial conveyancing solicitors in Staindrop will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Staindrop. The report provides definitive data 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 Staindrop.
For every commercial conveyancing transaction in Staindrop it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Staindrop commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Staindrop.
Due to the encouragement of my in-laws I had a survey completed on a house in Staindrop before appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some banks may not give a mortgage on such a house.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Staindrop. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Staindrop to see if the conveyancing costs will increase in light of this.
Is it best to go with a Staindrop conveyancing lawyer who is local to the property I am hoping to buy? We have a good friend who can deal with the legal work but they are based over three hundred kilometers away.
The primary upside of using a local Staindrop conveyancing firm is that you can visit the firm to sign paperwork, present your ID and pester them where appropriate. Having local Staindrop know how is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were impressed that should trump using an unknown Staindrop conveyancing solicitor solely due to them being Staindrop based.
Why do Staindrop conveyancing costs are higher for leasehold and freehold properties?
There is always more work required for leasehold conveyancing. Staindrop has many leasehold properties. There is more paperwork involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.