Finally, a loan offer from HSBC for the remortgage of my single bedroom garden flat is coming any day now. Could you suggest a low cost conveyancing lawyer in Chipstead?
This site is not designed to help those in pursuit of the cheapest conveyancing solicitors in Chipstead. Our aim is to provide cost effective conveyancing but we do not work with the cheapest lawyers. Do not be fooled by organisations enticing you with low cost conveyancing in Chipstead. In your best case scenario, in deciding on low cost conveyancing, you will receive what you pay for and at worst you will end up invoiced for additional fees and still not end up with the service you were looking for.
What does my ID and proof of funds have anything to do with my conveyancing in Chipstead? Is this really necessary?
Chipstead conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to verify 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 identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no older than three months).
Confirmation of the origin of monies is also necessary in compliance with the money laundering statutes as conveyancers are duty bound to investigate that the money you are using to acquire a property (whether it be the deposit for exchange or the full purchase amount where you are buying without a mortgage) has come from legitimate source (such as an inheritance) rather than the proceeds of illegitimate activity.
What is the best way to check that the solicitor carrying out my conveyancing in Chipstead is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £192.00 in further conveyancing costs.
Please do make use of the find a conveyancing panel solicitor tool on this site. Pick the lender and type ‘Chipstead’ or your location and you will discover numerous solicitors offices in Chipstead or by proximity to you.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a house in Chipstead? or I am told that there is historic law that could mean that house owners residing in a parish church boundary may be liable to contribute towards repairs towards the chancel within the church. Is this applicable for conveyancing in Chipstead?
Unless a prior acquisition of the premises took place after 12 October 2013 you can expect conveyancing practitioners carrying out conveyancing in Chipstead to continue to recommend a chancel search and or chancel repair liability policy.
I am purchasing a new build house in Chipstead with a mortgage from Bank of Ireland. The builders would not reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not disclose to my solicitor about the deal as it will adversely affect my mortgage with the bank. Should I keep quiet?.
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 am buying a flat mortgage free. I have provided lawyer with two distinct proof of photo ID, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer acknowledging that the money is in place and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Chipstead conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.