What does my ID and proof of funds have anything to do with my conveyancing in Chipstead? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Chipstead. Nowadays you can not proceed with any conveyancing deal in the absence handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper element and photo card part, one is not acceptable in the absence of the other.
Evidence of your source of monies is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer will need to retain this information on record. Your Chipstead conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further questions regarding the origin of funds.
I am buying a victorian detached house in Chipstead. We would like to convert the garage to an office at the property.Will legal due diligence on the property involve enquiries to ascertain if these works are permitted?
Your conveyancer will review the registered title as conveyancing in Chipstead can sometimes reveal restrictions in the title documents which restrict categories of changes or necessitated the consent of another owner. Some extensions call for local authority planning consent and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
I happen to be the single recipient of my late father’s estate with all property in now in my sole name, including the house in Chipstead. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my proprietorship could be regarded the same way as if I'd bought the property in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation is primarily there to capture subsales or the quick reselling of property.
We were going to get a DIP from Clydesdale this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Clydesdale recommend any Chipstead solicitors on the Clydesdale conveyancing panel, or is it better to go independently?
You will need to appoint Chipstead solicitors independently although you'll need to choose one on the Clydesdale conveyancing panel. The solicitor represents both you and Clydesdale through the process.
I'm buying my first flat in Chipstead with a mortgage from The Mortgage Works. The developers refused to budge the price so I negotiated 6k of additionals instead. The estate agent told me not to tell my lawyer about this deal as it would put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Chipstead is the location of the property. What do you suggest?
Flying freeholds in Chipstead are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chipstead you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chipstead 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 property.
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At this site secure a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Chipstead. Unlike many estate agents and many comparison sites we do not charge firms a commission if you choose them for your conveyancing in Chipstead
Are Chipstead conveyancing solicitors duty bound by the Law Society to publish clear conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Chipstead or or elsewhere in the country.