I am need of leasehold conveyancing for an apartment in a fairly new development (seven years built) in Arnside. The vast majority the flats have already been occupied. Do I need carry out the conveyancing searches for my conveyancing in Arnside?
Conveyancing Searches are a critical link in the Arnside conveyancing process. There are a large number of companies delivering Arnside conveyancing searches, as well straight from the local authority. These are known collectively as personal search providers and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authoritative source.
In what way does my ID and proof of funds have anything to do with my conveyancing in Arnside? Why is this being asked of me?
Arnside conveyancing solicitors and indeed property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Confirmation of source of funds is also necessary under the money laundering laws as lawyers are mandated to investigate that the funds you are using to buy a property (be it the exchange deposit or the full purchase amount where you are buying without a mortgage) has come from an acceptable source (such as an inheritance) and is not the proceeds of illegitimate activity.
My Solicitor in Arnside is not listed on the Accord Mortgages Ltd Conveyancing Panel. Is it possible for me to retain my family solicitor even though they are excluded from the Accord Mortgages Ltd approved list?
The limited options available to you here include:
- Carry on with your existing Arnside solicitors but Accord Mortgages Ltd will need to instruct a solicitor on their list of acceptable firms. This will inevitably rack up the total conveyancing charges and result in frustration.
- Find a new practitioner to to deal with the purchase, remembering to check they are on the Accord Mortgages Ltd panel
Are there restrictive covenants that are commonly picked up during conveyancing in Arnside?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Arnside. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing my first flat in Arnside benefiting from help to buy. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not to tell my lawyer about this deal as it will adversely affect my loan with Coventry Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking into buying my first house which is in Arnside and I am already nervous. I couldn't find anything specific about Arnside. Conveyancing will be needed in due course but do you know about the Arnside area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Arnside. In the meantime here are some basic statistics that we found