I am purchasing a property mortgage free in Chipstead. I have been living for the previous dozen years in Chipstead. Conveyancing searches are exorbitant. As I have knowledge of the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Chipstead conveyancing searches are optional. Your conveyancer will try and steer you, perhaps strongly, that you should have searches done, but he is duty bound to do this. One thing to consider; if you are intend to sell the house one day, it could be of relevance to your prospective buyer what the searches contain. Sometimes properties with no practical issues can still reveal unpredicted search results. A good conveyancing solicitor in Chipstead should provide you some helpful guidance concerning this.
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 an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also necessary in accordance with the money laundering regulations as conveyancers are mandated to check that the funds you are utilising to buy a property (be it the exchange deposit or the total purchase amount if you are buying without a mortgage) has originated from an acceptable source (such as an inheritance) rather than the product of illegitimate behaviour.
Me and my partner are purchasing a flat in Chipstead. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to deposit our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am new to the house moving as FTB of a ground floor flat in Chipstead. Do I pick up the keys to the property on the completion date from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Chipstead?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you should be invited to collect the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
We are getting the release of further monies on our home loan from Yorkshire BS as we intend to conduct renovations to our house in Chipstead. Do we need to select a nearby Chipstead solicitor on the Yorkshire BS conveyancing panel to deal with the legals?
Yorkshire BS don't usually require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS panel.
I have justbecome aware that Arc property Solicitors have been shut down. They conducted my conveyancing in Chipstead for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chipstead conveyancing specialists.
How does conveyancing in Chipstead differ for new build properties?
Most buyers of new build property in Chipstead approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Chipstead tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chipstead or who has acted in the same development.
I'm converting the mortgage on my current home to a BTL loan with Godiva Mortgages Ltd and intend to use the remaining equity towards further house. The location we are talking about is Chipstead. Will your conveyancers be able to act for the two mortgage companies and link together the transactions?
Make use of our comparison tool on this site to be sure that the solicitors are approved by both banks. Assuming that they are your solicitor will be able to connect the two conveyancing matters but you should have a chat with you conveyancer and specify your expectations and needs.