I am expecting a mortgage offer from Nat West. I intend to employ the services of a Licensed Conveyancer in Clevedon. Does the Nat West Conveyancing panel allow for conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
In what way does my ID and proof of funds have anything to do with my conveyancing in Clevedon? What am I being asked for?
In order to comply with Money Laundering Regulations any Clevedon conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to validate not only the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may lead to your lawyer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
I am helping my sister sell her property in Clevedon. Does the conveyancer order the energy performance certificate or should I organise this?
Following the demise of Home Information Packs, EPC’s was retained a mandatory component of moving property. An energy performance certificate needs to be commissioned prior to the property being placed on the market. This is not something that law firms normally arrange. Where you are using a Clevedon conveyancing practitioner they may be willing to arrange EPC’s due to their contacts with reputable local accredited person
Have just purchased a probate house at auction in Clevedon. Conveyancing is necessary. What happens now?
Having exchanged you must choose a conveyancing solicitor soon as you will have a pending a fixed date to complete the deal. All auction property should have a corresponding auction pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You must give this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in order to complete the transaction on the set completion date.
Last month we had a mortgage agreed in principle with RBS. Clevedon conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from RBS?
Some lenders take longer than others. Have RBS conducted the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am looking for a leasehold apartment up to £235,500 and found one close by in Clevedon I like with open areas and station in the vicinity, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Clevedon in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan that many years will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
How do I use the search tool to find a conveyancing practitioner in Clevedon on the panel for my bank?
First select a lender such as Yorkshire Building Society, Norwich and Peterborough Building Society or Godiva Mortgages Ltd then specify your preferred area for example Clevedon. Conveyancing organisations in Clevedon and beyond will then be identified.
What is the reason for new build conveyancing in Clevedon being more expensive?
Conveyancing in Clevedon for newly converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as further investigations and contractual considerations.