Having been recommended your company we were about to use a conveyancing solicitor in Watford recommended using your search tool but have come across some other estimates on the internet seem cheaper – how come?
There are lots of conveyancers marketing theoretically looks to be cut price. You should think twice about how much you respect your own move to you are willing to be penny wise pound foolish in relation to the quality of the conveyancing. Many of them accentuate a low quote to grab your attention but conceal supplemental fees in the fine print..
What does my ID and proof of funds have anything to do with my conveyancing in Watford? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Watford. Nowadays you can not proceed with any conveyancing deal without first providing evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Proof of your origin of funds is mandated in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor must have this information on record. Your Watford conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further queries regarding the origin of monies.
Can you clarify what the consequences are if my lawyer’s firm is expelled from the TSB Conveyancing panel ahead of completing my conveyancing in Watford?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Various web forums that I have visited warn that are the primary cause of delay in Watford house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Watford.
I have recentlyfound out that Wolstenholmes have closed. They carried out my conveyancing in Watford for a purchase of a freehold house 18 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Watford conveyancing specialists.
I am looking for a ground for flat up to £235,500 and identified one close by in Watford I like with amenity areas and transport links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Watford in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.