Why would I instruct a Bookham conveyancing firm when web based conveyancers are more affordable?
Its a good idea to shop around for conveyancing costs in Bookham and you should seek a competitive fee calculation but don’t become consumed with looking for the cheapest Bookham conveyancer. Finding the right conveyancer can be the difference between a smooth and a frustrating house move. It is important that you ensure that you have expert guidance from a specialist lawyer. An e-mail can never take the place of a telephone discussion and can never replicate a face to face meeting. Our partner firms will appoint you a qualified and experienced conveyancing solicitor who can handle your conveyancing from beginning to end, giving the sort of personalised service that you rarely receive from an internet conveyancer. He or She will contact you regularly to update you as to headway and keep you informed. If you ever need to contact the firm you will know who to ask for and they will endeavour to make sure that you are kept fully informed.
My brother and I have recently bought a property in Bookham. We have noticed several issues with the house which we believe were missed in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that needed to have been ordered as part of conveyancing in Bookham?
The question is vague as to the nature of the problems and if they are unique to conveyancing in Bookham. Conveyancing searches and due diligence initiated as part of the buying process are supposed to help avoid problems. As part of the process, a seller fills in a document referred to as a Seller’s Property Information Form. If the information proves to be misleading, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Bookham.
In what way does my ID and proof of funds have anything to do with my conveyancing in Bookham? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Bookham. Nowadays you can not complete any conveyancing transaction in the absence supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper part and photo card part, one is not acceptable in the absence of the other.
Evidence of your source of monies is mandated under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer will need to retain this information on file. Your Bookham conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional queries concerning the source of monies.
I am purchasing a property in Bookham. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?
As your lender is Nottingham your lawyer must follow the formal requirements contained in Section two of UK Finance Lenders’ Handbook for Nottingham. The CML Handbook includes minimum conditions for solar panel roof-space leases, and solicitors are required to report to Nottingham where a lease fails to satisfy these requirements. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Bookham.
I am currently in the process of buying my council flat in Bookham. I have a mortgage agreed with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Bookham bank branch on numerous occasions and was advised it wasn't an issue and they would lend. My Bookham conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend based on their published requirements. I simply don't know who is right.
The conveyancer must follow the CML Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bookham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Bookham. 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…’
At what point do I pay stamp duty due for my house transaction in Bookham?
The majority of property lawyers will fill out a Land Transaction Return Form on your behalf as part of your Bookham conveyancing transaction for signature. On completion your conveyancer will submit the Land Transaction application to the Inland Revenue and - as long as they have the money - settle any Stamp Duty liability for you.