In what way does my ID and proof of funds have anything to do with my conveyancing in Coleshill? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Coleshill. Nowadays you can not proceed with any conveyancing transaction if you have not submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as evidence of ID it must be both the paper element as well as the photo card part, one is not satisfactory without the other.
Proof of the source of money is necessary under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer will need to have this information on record. Your Coleshill conveyancing lawyer will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional questions regarding the source of monies.
What is the difference between a licensed conveyancer and conveyancing solicitor in Coleshill
Two types of professional can conduct conveyancing in Coleshill namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that you need to complete the disposal or purchase of property. Both are obliged to conduct Coleshill conveyancing to the same standards and guidelines so you can be sure that your conveyancing will be properly administered and that all requirements and steps should be suitably followed.
We expect to receive a OIP from Clydesdale this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Clydesdale recommend any Coleshill solicitors on the Clydesdale conveyancing panel, or is it better to go independently?
You will need to appoint Coleshill 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 recently had an offer accepted on a house in Coleshill. My mortgage broker suggested a lawyer. I paid an advanced payment of £175. A couple of days later, the solicitor contacted me to say that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Coleshill differ for new build properties?
Most buyers of new build or newly converted property in Coleshill come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because builders in Coleshill typically acquire the site, 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 Coleshill or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one near me in Coleshill I like with a park and transport links nearby, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Coleshill for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
Given that I am about to spend £400,000 on a house in Coleshill I would like to talk to a lawyer about mytransaction ahead of instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be conducting your property ownership legalities in Coleshill.There is no ‘factory style conveyancing’ - every client is an important person, not a file reference. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Coleshill should be the figure that you end up paying.
We have instructed a Coleshill conveyancing solicitor for our home move (novice purchasers) and have noticed in the terms and conditions that they are not covered by the FCA. Am I right to be concerned or is that standard with conveyancer?
We can't see why they should be. Most solicitor don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who have strict rules regulating amounts sitting on client account.