My wife and I are about to exchange on the purchase of a house in Chipping Campden but as a result of wreckage from a small fire at the property I have managed to agree reparation from the seller in the sum of £3k in the form of a reduction in the price. This was going to be dealt with as part of a side agreement but Bank of Ireland are not allowing this. Should they have been approached?
The solicitor that is on a Bank of Ireland conveyancing panel is obliged to advise Bank of Ireland of any changes to the sale price. If you were to refuse your lawyer to disclose the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new property lawyer for your conveyancing in Chipping Campden.
In what way does my ID and proof of funds have anything to do with my conveyancing in Chipping Campden? Why is this being asked of me?
Chipping Campden conveyancing solicitors and indeed property lawyers accross the UK have an obligation under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also required under the money laundering laws as solicitors are mandated to ensure that the monies you are utilising to purchase a property (be it the exchange deposit or the full purchase price if you are buying without a mortgage) has originated from a reputable source (such as an inheritance) as opposed to the product of illegitimate behaviour.
We are purchasing a victorian detached house in Chipping Campden. Our aim is to convert the garage to an office at the property.Will the conveyancing process include enquiries to determine if these alterations are prohibited?
Your solicitor should check the registered title as conveyancing in Chipping Campden will occasionally reveal restrictions in the title deeds which prevent categories of alterations or need the consent of a 3rd party. Certain additions need local authority planning permissions and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
We have a mortgage agreed in principle with Principality. Chipping Campden conveyancing solicitors are instructed. What is the average time that one could expect to receive a mortgage offer from Principality?
Some lenders take longer than others. Have Principality conducted the valuation? Have you informed 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.
I am selling my house. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Aldermore are being pedantic. The Chipping Campden solicitor who is on the Aldermore conveyancing panel is saying indemnity insurance will be fine but Aldermore are insisting on a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What can a local search inform me about the property we're purchasing in Chipping Campden?
Chipping Campden conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Chipping Campden conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I got the keys to my house on 14 August and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Chipping Campden said it would be registered inside ten days. Are titles in Chipping Campden particularly slow to register?
As far as conveyancing in Chipping Campden is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can vary subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any other parties. At present in the region of 80% of submission are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Registration is effected after the new owner is living at the property thus 'speed' is not typically an essential issue but where it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
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