What does my ID and proof of funds have anything to do with my conveyancing in Boscastle? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Boscastle. Nowadays you can not proceed with any conveyancing process without first providing evidence of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Remember if you are supplying your driving licence as evidence of ID it must be both the paper element and photo card part, one is not acceptable in the absence of the other.
Evidence of your origin of money is mandated in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer must retain this information on record. Your Boscastle conveyancing lawyer will require 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 regarding the source of monies.
Should commercial conveyancing searches reveal impending roadworks that may affect a commercial site in Boscastle?
Its becoming the norm that commercial conveyancing solicitors in Boscastle will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Boscastle. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Boscastle.
For every commercial conveyancing transaction in Boscastle it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Boscastle commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Boscastle.
I have justbecome aware that Stirling Law have closed. They carried out my conveyancing in Boscastle for a purchase of a leasehold flat 9 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Boscastle conveyancing specialists.
I'm buying a new build house in Boscastle with a mortgage from TSB. The builders would not reduce the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not inform my conveyancer about this extras as it may impact my loan with the lender. Do I keep my lawyer in the dark?.
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 decided to have a survey completed on a property in Boscastle ahead of instructing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies will refuse to issue a loan on such a property.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Boscastle. Conveyancing will be smoother if you use a solicitor in Boscastle especially if they are familiar with such properties in Boscastle.
What if there is a problem with one of the searches for our conveyancing in Boscastle?
Usually, almost all problems that arise in Boscastle conveyancing search responses can be handled before completion or indemnity insurance can be obtained. You should note that even though you are purchasing the premises and may be willing to accept the search results, your building society or bank may not, and ultimately they have the word say.