I have given 8 weeks notice to my existing landlord and must be out of my rented apartment in Carterton by 29/9/2025. Conveyancing on my purchase is progressing. Is it possible to complete in 5 weeks as don't want to have to move into short term accommodation?
It is unwise to give notice for your letting unless exchange of contracts has taken place. Assuming that you have not previously done so, notify to your lawyer and urge them to they apply pressure on the owners lawyers, try to get a realistic time scale from them that all parties will work to achieve
What does my ID and proof of funds have anything to do with my conveyancing in Carterton? Is this really warranted?
Carterton conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).
Evidence of source of funds is also required under the money laundering regulations as lawyers have a duty to ensure that the funds you are using to buy a property (whether it be the deposit for exchange or the full purchase amount where you are a cash purchaser) has originated from a reputable source (such as an inheritance) rather than the product of criminal activity.
We are buying a detached bungalow in Carterton. We would like to carry out a loft conversion at the house.Will legal investigations on the property include investigations to determine if these works were previously refused?
Your conveyancer should review the registered title as conveyancing in Carterton can on occasion identify restrictions in the title documents which prevent certain works or require the consent of a 3rd party. Certain additions call for local authority planning permissions and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these issues with a surveyor ahead of any purchase.
Last month we had a mortgage agreed in principle with Principality. Carterton conveyancing solicitors are instructed. How long does it take for Principality to issue the offer to the conveyancer?
Some lenders take longer than others. Have Principality done the survey? Have you advised Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I are spending time viewing houses in Carterton and I am now considering a potential offer. Is it wise to have my conveyancing practitioner on ‘stand by’? I intend to finance via a home loan with HSBC.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. As you are taking out a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Carterton is the location of the property. Can you shed any light on this issue?
Flying freeholds in Carterton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Carterton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Carterton 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.
Should I choose a Carterton conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can carry out the legal formalities however her office is approximately 350kilometers drive away.
The benefit of a high street Carterton conveyancing firm is that you can pop in to execute documents, present your identification documents and pester them if necessary. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were content that should outweigh using an unfamiliar Carterton conveyancing lawyer solely due to them being round the corner.
I'm remortgaging a bungalow in Carterton. I have found my conveyancer's company on the CLC list, but I can't locate my lawyer's name on the list. Is this a big problem?
Not all staff in the company must be listed by the regulator. Provided there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unlicensed staff.