What does my ID and proof of funds have anything to do with my conveyancing in Clevedon? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Clevedon. However these days you will not be able to proceed with any conveyancing transaction without first supplying evidence of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are providing your driving licence as evidence of identification it needs to be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Evidence of the origin of money is necessary under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor will need to have this information on file. Your Clevedon conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask additional queries regarding the origin of monies.
My lender has suggested a law firm on their panel based in Clevedon but I would rather instruct a conveyancing lawyer in Clevedon or nearer to where I live. Are you able to assist?
Not all Clevedon conveyancing practices are on all lender’s conveyancing panel. Use our search tool to find a Clevedon conveyancing firm on the on the bank panel.
I had a mortgage agreed in principle with Barclays. Clevedon conveyancing lawyers have been appointed. What is the average time that one could expect to receive a mortgage offer from Barclays?
There is no definitive answer here. Have Barclays done the survey? Have you informed Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not fathom if my lender requires a lease extension. I have telephoned my Clevedon building society branch on various occasions and was advised it wasn't an issue and they will lend. My Clevedon conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your solicitor has to comply with the Council of Mortgage Lenders’ Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Lloyds have agreed my home loan in principle, my bid on a property in Clevedon has been accepted, what happens next?
Your estate agent will wish to know who your solicitors are (make sure the conveyancers are on the lender’s panel). Contact Lloyds or your broker and complete any relevant paperwork. Lloyds will appoint a valuer who will get in touch with the estate agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes on average ten days to get a mortgage offer. Lloyds will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Clevedon.
Due to the encouragement of my in-laws I had a survey completed on a house in Clevedon before instructing lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to issue a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Clevedon. Conveyancing may be slightly more expensive based on your lender's requirements.
How straightforward is it to use the search facility to choose a conveyancing practitioner in Clevedon on the approved list for my bank?
1st select a mortgage company such as Santander, Bank of Scotland or Aldermore then choose your preferred area a common one being Clevedon. Conveyancing practices in Clevedon and beyond will then be listed.
Am I better off to instruct a Clevedon conveyancing practitioner based in the location that I am hoping to buy? An old friend can carry out the legal work but her office is 400miles away.
The benefit of a high street Clevedon conveyancing practice is that you can visit the firm to execute documents, deliver your ID and pester them if necessary. Having local Clevedon know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were impressed that should outweigh using an unknown Clevedon conveyancing lawyer solely due to them being local.