What does my ID and proof of funds have anything to do with my conveyancing in Stocksfield? Why is this being asked of me?
Stocksfield conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).
Proof of the origin of funds is also required in compliance with the money laundering laws as conveyancers are required to check that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase price if you are buying without a mortgage) has come from an acceptable source (such as employment savings) and is not the proceeds of illegitimate activity.
My brother-in-law has suggested I instruct a conveyancing solicitor in Stocksfield. I I would like to check whether they are accepted on the Accord Mortgages Ltd approved list of lawyers. Can you help?
The first thing you should do is e-mail the lawyer and enquire if they can act for the lender. Otherwise you should get in touch with Accord Mortgages Ltd who may be able to confirm.
My colleague suggested that if I am purchasing in Stocksfield I should ask my conveyancer to 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 Stocksfield conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Stocksfield around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Stocksfield Education with plans and statistics, Local Amenities and other useful data about Stocksfield.
I have justbecome aware that Wolstenholmes have closed. They carried out my conveyancing in Stocksfield for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stocksfield conveyancing specialists.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Stocksfield is the location of the property. Can you offer any assistance?
Flying freeholds in Stocksfield are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stocksfield you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stocksfield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my existing house to a buy to let mortgage with Yorkshire Building Society and intend to use the remaining equity towards another house. The location we are interested in is Stocksfield. Will your lawyers be able to act for the two banks and link together the two deals?
Make use of our search tool on this page to ensure that the lawyers are on the appropriate lender panels. Assuming that they are the conveyancer will be able to connect the two deals but you should have a chat with you conveyancer and communicate your desired outcome and requirements.