In what way does my ID and proof of funds have anything to do with my conveyancing in Upton Park? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Upton Park. Nowadays you can not proceed with any conveyancing process if you have not providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are providing your driving licence as evidence of ID it must be both the paper section as well as the photo card part, one is not satisfactory without the other.
Proof of your source of money is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer must retain this information on file. Your Upton Park conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask additional questions concerning the source of monies.
I am considering applying for a Kent Reliance mortgage for purchase of a new build (under development) in Upton Park with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
What is your number one tip for finding a conveyancing solicitor in Upton Park
Do not opt for the lowest Upton Park conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Forgive me if this question is silly but I am unexperienced as a first time buyer of a ground floor flat in Upton Park. Do I receive the keys to the property on the completion date from my lawyer? If this is the case, I will use a local conveyancing solicitor in Upton Park?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be called to collect the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.
I have decided to exercise my right to buy my property in Upton Park off the council. I have a mortgage agreed with Nottingham. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
Due to the advice of my in-laws I had a survey completed on a house in Upton Park in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some banks may refuse to give a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Upton Park. Conveyancing may be slightly more expensive based on your lender's requirements.
Taking into account that I am about to spend over three hundred thousand on a property in Upton Park I wish to talk to a solicitor regarding theconveyancing prior to appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be conducting your property ownership legalities in Upton Park.There is no ‘factory style conveyancing’ - each client is an important person, not a case number. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Upton Park should be the amount on the final invoice that you are charged.
I am buying a flat with all finances in place. I have provided conveyancer with two separate proof of photographic ID, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer advising that the money is legitimate and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Upton Park conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering Regulations.