I have given 2 months notice to my existing landlord and must leave my let out flat in Whittlesey by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in six weeks as I wish to avoid having to find temporary accommodation?
Generally one should not serve notice on a rental until exchange of contracts has taken place. Assuming that you have not already done so, notify to your lawyer and request that they chase the owners solicitors, try to a target completion date that everyone will aim to achieve
In what way does my ID and proof of funds have anything to do with my conveyancing in Whittlesey? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Whittlesey conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you live.
In accordance with Money Laundering Regulations, property lawyers are duty bound to ascertain not only the ID 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 conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to inform the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
My conveyancer has informed me that absentee landlord insurance is needed on my purchase. What is the level of cover for Whittlesey conveyancing?
The right level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Coventry Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.
Can you point me to a directory of Clydesdale panel solicitors in Whittlesey on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lending institutions make their panel listings viewable over the internet. If you are in need of a Whittlesey conveyancing practitioner on the Clydesdale please make the most of our tool.
I am buying a property in Whittlesey. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?
Given that your lender is Nottingham your lawyer must comply with the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Nottingham where a lease does not comply with these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Whittlesey.
I need some quick conveyancing in Whittlesey as I am under an ultimatum to sign on the dotted line within 2 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at free not to do searches although no solicitor would advise that you don't. With lots of history conveyancing in Whittlesey the following are examples of what can show up and therefore affect future saleability: Enforcement Notices, Outstanding Fees, Overdue Grants, Railway Schemes,...
I opted to have a survey done on a property in Whittlesey prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Whittlesey. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing practitioner in Whittlesey for my home move. Is there any facility to review a solicitor's record with the profession’s regulator?
You can search for published Solicitor Regulator Association (SRA) decisions arising from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may monitor call for training requirements.