What does my ID and proof of funds have anything to do with my conveyancing in Carisbrooke? Is this really warranted?
Carisbrooke conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Confirmation of source of funds is also necessary in accordance with the money laundering laws as conveyancers have a duty to check that the money you are using to buy a property (whether it be the deposit for exchange or the total purchase monies if you are a cash purchaser) has come from an acceptable source (such as an inheritance) and is not the product of illegitimate activity.
I used Action Conveyancing a few years ago for my conveyancing in Carisbrooke. I now require my file however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Carisbrooke of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Carisbrooke I like with a park and railway links in the vicinity, however it's only got 51 years on the lease. There is not much else in Carisbrooke in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Is it simple use your search facility to locate a conveyancing lawyer in Carisbrooke on the panel for my mortgage?
Step one is to select a lender such as Halifax, Skipton Building Society or Barclays Direct then choose your preferred area a common one being Carisbrooke. Conveyancing organisations in Carisbrooke and further afield should be identified.
My father has suggested that I appoint his conveyancers in Carisbrooke. Should I use them?
No doubt the best way to select a conveyancing solicitor is to seek recommendations from friends or family who have previously instructed the conveyancer that you are are thinking of instructing.
Why is New Build conveyancing in Carisbrooke more expensive?
Buying a new build home is completely different from the standard house purchase conveyancing in Carisbrooke. Firstly sellers usually require contracts to exchange very quickly, the result being a a great deal of pressure on your conveyancer to make sure all is in order. In addition new build premises often necessitate the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders requirements are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.