What does my ID and proof of funds have anything to do with my conveyancing in Tyldesley? What am I being asked for?
Tyldesley conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).
Evidence of the origin of funds is also necessary under the money laundering regulations as lawyers have a duty to investigate that the monies you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase amount where you are buying mortgage free) has originated from a reputable source (such as employment savings) and is not the product of illegitimate behaviour.
I am purchasing a property and need a conveyancing solicitor in Tyldesley who is on the Halifax conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Halifax in certain locations such as Tyldesley. We dont recommend any particular firm.
We had instructed conveyancing lawyers based in Tyldesley on the Bank of Ireland solicitor panel. They are now charging me an additional charge for dealing with the Bank of Ireland mortgage. Is this an additional conveyancing fee set by Bank of Ireland?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your conveyancer is entitled to charge a fee for this. This fee is not dictated by Bank of Ireland but by your Tyldesley conveyancing practitioner. Some firms on the Bank of Ireland panel will quote ’dealing with mortgage’ fee and others do not.
We have a mortgage agreed in principle with Virgin Money. Tyldesley conveyancing lawyers have been selected. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
Some lenders take longer than others. Have Virgin Money done the survey? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I currently have a mortgage with Clydesdale for my property in Tyldesley. Conveyancing has been completed months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Clydesdale?
Your original mortgage agreement with Clydesdale will provide that you need their approval in advance of renting your property as this is likely to be a breach of Clydesdale’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. It should not be necessary to do this via a Clydesdale conveyancing panel lawyer.
Are there restrictive covenants that are commonly identified as part of conveyancing in Tyldesley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Tyldesley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, chain free conveyancing. Tyldesley is where the house is located. What do you suggest?
Flying freeholds in Tyldesley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tyldesley you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tyldesley 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 am downsizing from my house. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Tyldesley if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Tyldesley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.