What does my ID and proof of funds have anything to do with my conveyancing in Burnt Oak? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you are required to sign should stipulate this. Your lender will also require certain documents to be checked. Where you refuse to hand over ID verification documents, your lawyer will not be able to take you on as a client.
Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Burnt Oak so that I can attend their offices if necessary.
Whereas this was necessary 12 years ago, almost all mortgage companies no longer need their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still distinct advantages to using a locally based solicitor, in your situation a conveyancing solicitor in Burnt Oak.
I'm the single beneficiary of my late mum's estate with all property in now in my sole name, including the house in Burnt Oak. The Burnt Oak property was put into my name in January. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the house in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Most banks would take a sensible view as this obligation is principally there to capture subsales or the flipping of properties.
I am expecting a OIP from Barclays this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Burnt Oak solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Burnt Oak solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
Planning on purchasing a apartment in Burnt Oak. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Burnt Oak conveyancer is on the Yorkshire BS conveyancing panel.
I used Wolstenholmes several years past for my conveyancing in Burnt Oak. I now require my papers but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Burnt Oak of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Burnt Oak is the location of the property. Can you shed any light on this issue?
Flying freeholds in Burnt Oak are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burnt Oak you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnt Oak 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 property.
My business partner and I are hoping to lease a unit on the high street. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Burnt Oak for below 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Burnt Oak, including the disposal and purchase of businesses as well as simply premises. Whether you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. Regarding the charges this will depend on the structure and nuances of the proposed transaction. Let us have your contact information or phone us so that we may provide you with a detailed commercial conveyancing quote.