In what way does my ID and proof of funds have anything to do with my conveyancing in Brown Edge? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing business. The Client Care letter that you are required to sign will no doubt confirm this. Your lender will also require certain documents to be viewed. If you are unwilling to hand over ID verification documents, your conveyancer would not be able to act for you.
My property lawyer in Brown Edge has never been on on the The Royal Bank of Scotland Approved Panel. Can I still continue with my prefered solicitor notwithstanding that they are excluded from the The Royal Bank of Scotland list of approved lawyers?
Your options are as follows:
- Complete the purchase with your existing Brown Edge lawyers but The Royal Bank of Scotland will need to use a solicitor on their panel. This will result in additional total conveyancing charges and result in frustration.
- Find an alternative lawyer to to deal with the purchase, remembering to check they are The Royal Bank of Scotland approved.
- Persuade your The Royal Bank of Scotland solicitor to seek to join the The Royal Bank of Scotland panel
Should my conveyancer be raising enquiries regarding flooding during the conveyancing in Brown Edge.
Flooding is a growing risk for solicitors dealing with homes in Brown Edge. There are those who buy a house in Brown Edge, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, however there are a various checks that may be carried out by the purchaser or on a buyer’s behalf which should figure out the risks in Brown Edge. The standard information given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to discover if the premises has suffered from flooding. If flooding has previously occurred which is not notified by the vendor, then a buyer may issue a claim for damages stemming from an inaccurate reply. The buyer’s solicitors should also carry out an enviro search. This should reveal whether there is a recorded flood risk. If so, more detailed inquiries should be carried out.
What does commercial conveyancing in Brown Edge cover?
Commercial conveyancing in Brown Edge covers a wide range of advice, offered by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Am I better off to use a Brown Edge conveyancing practitioner who is local to the property I am buying? We have a good friend who can deal with the legal formalities but they are based approximately 350kilometers drive away.
The primary upside of using a high street Brown Edge conveyancing firm is that you can pop in to execute paperwork, present your identification documents and apply pressure on them where appropriate. Having local Brown Edge know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were happy that should outweigh using an unknown Brown Edge conveyancing solicitor solely due to them being based in the area.
I am short of a 10% deposit on my apartment purchase in Brown Edge , but I am anxious exchange. Do I have options?
You can agree a smaller deposit. Many vendors will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment