What does my ID and proof of funds have anything to do with my conveyancing in Bewdley? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Bewdley. However these days you will not be able to complete any conveyancing deal without first providing proof of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Remember if you are supplying your driving licence as evidence of identification it needs to be both the paper section and photo card part, one is not satisfactory in the absence of the other.
Verification of your source of funds is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer must have this information on file. Your Bewdley conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask additional questions concerning the origin of funds.
We are purchasing a flat in Bewdley. I might seem paranoid but how we can trust a lawyer? On completion day we will need to send our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Can I be sure that the Bewdley conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Bewdley getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
I had an offer accepted on an apartment in Bewdley on 4/12/2024, valuation was booked 3 days after, received a clean bill of health. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Clydesdale and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Clydesdale conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
I acquired my apartment on 10 November and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Bewdley advises it would be formalised inside ten days. Are properties in Bewdley uniquely lengthy to register?
There is nothing unique about conveyancing in Bewdley registration formalities. Rather than based on location, timescales can differ subject to who lodges the application, whether it is in order and whether the Land registry have to notify any 3rd parties. As of today in the region of three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Registration takes place once the new owner has moved in to the premises so an expedited registration is not always an essential issue but if there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I'm buying my first flat in Bewdley with a loan from Santander. The sellers refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not disclose to my conveyancer about the deal as it could adversely affect my mortgage with the lender. 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.
Due to the input of my in-laws I had a survey completed on a house in Bewdley before instructing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend refuse to issue a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bewdley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bewdley to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Bewdley cover?
Bewdley conveyancing for business premises covers a wide range of advice, given by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.