I have just started taking steps with the intention of transferring my existing standard home loan to a Buy to Let Bank of Scotland mortgage. I have been informed by my broker that I need a solicitor for this. I had a chat my former Uxbridge conveyancing solicitor who dealt with the legals when I initially bought the house. The costs illustration supplied of £550 is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The charges are a tad high. Where you are willing to expend time comparing quotes you might get the conveyancing a bit cheaper by say £125. That being said, assuming were satisfied with the legal work the firm provided you maycome to regret opting for an an unknown conveyancer. Remember to ensure that the firm can act for Bank of Scotland. Do use our search tool to choose a Uxbridge conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Uxbridge.
My son is purchasing a newly built flat in Uxbridge with a home loan from Barclays. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Barclays conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
In what way does my ID and proof of funds have anything to do with my conveyancing in Uxbridge? What am I being asked for?
In order to comply with Money Laundering Regulations any Uxbridge conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to investigate not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this may result in your solicitor ending 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 make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My bank has suggested solicitors on their panel based in Uxbridge but I would rather instruct a conveyancing lawyer in Uxbridge or nearer to where I live. Can you help?
It is by no means the case that all Uxbridge conveyancing firms are on all banks conveyancing panel. Use the above search tool to identify a Uxbridge conveyancing solicitor on the on the lender panel.
My wife and I are downsizing from our property in Uxbridge and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Uxbridge lawyer would know this is not the case. For the life of me I don't know why the buyers used a national conveyancing practice rather than a conveyancing solicitor in Uxbridge. Having lived in Uxbridge for six years we know of no issue. Should we contact our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Uxbridge differ for newly converted properties?
Most buyers of new build property in Uxbridge contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Uxbridge tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Uxbridge or who has acted in the same development.