I am obtaining a mortgage with Halifax. My intention is to employ the services of a Licensed Conveyancer in Comberton. Does the Halifax Conveyancing panel exclude conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
In what way does my ID and proof of funds have anything to do with my conveyancing in Comberton? Is this really warranted?
Comberton conveyancing solicitors and indeed property lawyers accross the UK have an obligation under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Confirmation of the origin of monies is also required under the money laundering statutes as lawyers are mandated to check that the funds you are utilising to buy a property (whether it be the deposit for exchange or the total purchase amount if you are a cash purchaser) has come from a reputable source (such as employment savings) rather than the fruits of illegitimate activity.
How does conveyancing in Comberton differ for newly converted properties?
Most buyers of new build residence in Comberton contact 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 developers in Comberton usually buy the real estate, 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 conveyancers 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 Comberton or who has acted in the same development.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Comberton I like with a park and station nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Comberton in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage that many years will be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I have been pointed in your direction by a number of estate agents in Comberton to find a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to offer your services ahead of a competitor’s?
We refuse to offer any referral fee for directing people in our direction. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I need to find a conveyancing solicitor for some conveyancing in Comberton. I've land on a web site which seems to have the ideal answer If there is a chance to get all the legals done via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?