In what way does my ID and proof of funds have anything to do with my conveyancing in Sunningdale? What am I being asked for?
Sunningdale conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under money laundering regulations 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 identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of the origin of monies is also necessary under the money laundering laws as lawyers are duty bound to check that the funds you are using to acquire a property (be it the exchange deposit or the total purchase monies where you are buying without a mortgage) has come from a reputable source (such as an inheritance) rather than the proceeds of illegitimate behaviour.
I have been told that property searches are the number one reason for hinderance in Sunningdale conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Sunningdale.
It has been three months following my purchase conveyancing in Sunningdale completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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.
Due to the advice of my in-laws I had a survey completed on a house in Sunningdale ahead of appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone 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 Sunningdale. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my primary house to a BTL mortgage with The Mortgage Works and I will use the rest of the raised equity towards further house. The area we are interested in is Sunningdale. Will your solicitors be able to act for the two mortgage companies and tie in the two deals?
Make use of our search tool on this site to be sure that the solicitors are approved by both banks. Having checked that they are the conveyancer should be able to tie up the two conveyancing matters but you should have a chat with you solicitor and specify your expectations and requirements.
At what stage do I pay stamp duty due for my Sunningdale house purchase?
The majority of conveyancers will complete a Land Transaction Return Form on your behalf as part of your Sunningdale purchase transaction for you to sign. On completion your conveyancing practitioner will submit your Land Transaction application to the Tax Authorities and - assuming they have the money - settle any land tax liability on your behalf.