What does my ID and proof of funds have anything to do with my conveyancing in Waterlooville? What am I being asked for?
Waterlooville conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under money laundering regulations to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).
Evidence of source of monies is also required in accordance with the money laundering statutes as conveyancers are required to ensure that the money you are using to buy a property (be it the exchange deposit or the full purchase monies if you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the proceeds of illegitimate activity.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Waterlooville?
There are many registered licenced Conveyancers in Waterlooville and Solicitor partnerships in Waterlooville who can help with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal work in the home buying process. The two can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Forgive me if this question is silly but I am unseasoned as a 1st time buyer of a two bedroom flat in Waterlooville. Do I collect the keys to the premises on completion from my conveyancer? If so, I will find a local conveyancing solicitor in Waterlooville?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the owner’s lawyers, and once they have received this, you should be invited to pick up the keys from the property Agents and move into your new home. This tends to happen early afternoon.
I have paid off my mortgage with Coventry BS. I assume I don't need a Waterlooville conveyancing practitioner on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
I need some expedited conveyancing in Waterlooville as I am under a deadline to complete inside 2 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to have searches conducted although no lawyer would recommend that you don't. With plenty of history conveyancing in Waterlooville the following are examples of what can appear and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
Just had an offer accepted on a new build flat in Waterlooville. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Waterlooville
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Please supply a car parking plan.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one round the corner in Waterlooville I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Waterlooville for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
As co-executor for the will of my grandfather I am disposing of a house in Cardiff but reside in Waterlooville. My conveyancer (approximately 235 kilometers awayneeds me to execute a stat dec ahead of completion. Could you suggest a conveyancing lawyer in Waterlooville who can witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Waterlooville based