In what way does my ID and proof of funds have anything to do with my conveyancing in Todmorden? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Todmorden conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, property lawyers are duty bound to check not only the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will result in your solicitor cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My solicitor has informed me that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Todmorden?
The right level of absentee landlord indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and Skipton Building Society. Conveyancing lawyers as opposed to members of the public take out such policies.
When it comes to lenders such as Aldermore, do Todmorden solicitors face a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Nationwide have agreed my mortgage in principle, my offer on a flat in Todmorden has been agreed to, now what?
Your estate agent will need to know who your solicitors are (ensure that the solicitors are on the bank’s approved list). Call up Nationwide or your financial adviser and finish off any appropriate paperwork. Nationwide will appoint a valuer who will get in contact with the estate agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Nationwide will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Todmorden.
Are there any apps to assist me to identify a Todmorden solicitor on the HSBC Bank conveyancing panel? I have a car and am prepared to travel upto 25miles to meet the lawyer.
You can use the tool on this website. Please pick a lender and your location and you will see a number of Todmorden conveyancing lawyers located nearest you. We have detailed some Todmorden conveyancing firms towards the end of this page and you can contact them to verify whether they are on the HSBC Bank approved list
As co-executor for the will of my grandmother I am disposing of a property in Monmouth but reside in Todmorden. My solicitor (approximately 250 kilometers awayrequires that I execute a stat dec prior to completion. Can you recommend a conveyancing practitioner in Todmorden who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are based in Todmorden
What advice can you give us when it comes to finding a Todmorden conveyancing practice to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Todmorden conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Todmorden conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
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What are the costs for lease extension work?
Todmorden Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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Does this lease have in excess of 80 years remaining? Are there any major works anticipated that will increase the service charges? Does the lease contain onerous restrictions?
My husband and I hope to acquire our 1st home in Todmorden. Conveyancing solicitor already instructed. The financial consultant pointed out that a survey is not necessary as the property was only built in 1997.
As the bare minimum you need a Home Buyer's Report. As the residence is more than ten years old the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report could be enough. The report should highlight any apparent problems and suggest additional investigation where appropriate. Where there are any indications of problems get a comprehensive Building Survey from the beginning.