In what way does my ID and proof of funds have anything to do with my conveyancing in Axminster? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Axminster. Nowadays you can not proceed with any conveyancing deal without first supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not satisfactory without the other.
Proof of your origin of funds is required in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer will need to have this information on file. Your Axminster conveyancing practitioner will require evidence of proof of funds before they are able to accept any funds from you into their client account and they may also ask additional questions concerning the origin of funds.
We are planning to purchase with Earl Shilton BS. I dropped in 3 or 4 high street companies but am unable to find a Axminster conveyancing firm on the Earl Shilton BS panel. Could you assist?
You should take advantage of the find a lender approved solicitor tool on this site. Pick the lender and type Axminster or your preferred area and you will be presented with a number of lawyer located in Axminster or by proximity to you.
What is the difference between a licensed conveyancer and conveyancing solicitor in Axminster
There are many recorded licenced Conveyancers in Axminster and Solicitor firms in Axminster offering conveyancing We would stress that the two are regulated professionals specialising in the legal work in transferring property. They may both also conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am the sole beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Axminster. Conveyancing formalities meant that the Land Registry date was in April. I want to move. I understand that there is a CML 6 month 'rule', meaning my property ownership could be regarded the same way as though I had purchased the house in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this provision principally exists to capture the purchase and immediately sell or the wholesaling and assigning of properties.
When it comes to lenders such as Kent Reliance, do Axminster solicitors face a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Me and my brother have a semi-detached Edwardian property in Axminster. Conveyancing lawyer represented me and Halifax. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Axminster and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the work.
I am buying a new build house in Axminster with a loan from Alliance & Leicester . The sellers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not disclose to my lawyer about the side-deal as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 need to find a conveyancing solicitor for remortgage conveyancing in Axminster. I have chance upon a site which appears to be the perfect answer If it is possible to get all this stuff completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?