I am getting a mortgage with Santander. My intention is to instruct a Licensed Conveyancer in Bovey Tracey. Does the Santander Solicitor panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Would the conveyancing solicitors that you recommend carry out right to buy conveyancing in Bovey Tracey?
We have identified plenty of conveyancing specialists who can conduct right to buy conveyancing Do get in touch with the conveyancers listed in order to obtain a conveyancing quote.
What does my ID and proof of funds have anything to do with my conveyancing in Bovey Tracey? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Bovey Tracey. Nowadays you will not be able to complete any conveyancing process in the absence providing proof of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper element and photo card part, one is not sufficient without the other.
Verification of the origin of monies is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor must retain this information on record. Your Bovey Tracey 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 further queries concerning the source of monies.
It has been three months following my purchase conveyancing in Bovey Tracey took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build flat in Bovey Tracey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Bovey Tracey
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Bovey Tracey is the location of the property. Can you offer any opinion?
Flying freeholds in Bovey Tracey are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bovey Tracey you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bovey Tracey may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.