It has come to my attention via my broker that my Chadwell St Mary the law firm I have appointed is not on the lender Solicitor panel. How can I check?
The first thing you need to do is to call your Chadwell St Mary lawyer directly. You lawyer should notify you what has happened. Where they are not on the panel they may recommend you to a Chadwell St Mary conveyancing practice that is on the conveyancing panel for your mortgage company.
What does my ID and proof of funds have anything to do with my conveyancing in Chadwell St Mary? Why is this being asked of me?
Chadwell St Mary conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).
Proof of source of monies is also required in compliance with the money laundering regulations as solicitors have a duty to investigate that the monies you are utilising to acquire a property (be it the exchange deposit or the total purchase monies if you are buying without a mortgage) has originated from a reputable source (such as employment savings) as opposed to the proceeds of criminal activity.
We are planning on selling our property in Chadwell St Mary and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Chadwell St Mary lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a web based conveyancing outfit rather than a conveyancing solicitor in Chadwell St Mary. We have lived in Chadwell St Mary for 5 years we know of no issue. Is it a good idea to contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Are there restrictive covenants that are commonly identified during conveyancing in Chadwell St Mary?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Chadwell St Mary. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing my first flat in Chadwell St Mary with the aid of help to buy. The builders refused to budge the price so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my conveyancer about the extras as it would affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I pay a service charge for my property in Chadwell St Mary. As a result of poor financial planning I fell behind with payments. The managing agents agreed a payment plan but there remains two currently outstanding.
I am under pressure to dispose of the property and I am nervous that this can jeopardize the sale if I have to discharge the arrears now. I'd like to sell up and subsequently repay the arrears from the completion monies - is this practicable?
The lawyer undertaking your Chadwell St Mary sale should be in a position to negotiate with the management company, and agree with them whether or not they would accept payment out of the completion monies. This is indicative of why it is advisable to choose a solicitor in Chadwell St Mary as they may well have an open line of communication with the management company.