I have given 8 weeks notice to my existing landlord and must leave my rented flat in Cotham by the end of next month. Conveyancing for my house purchase is progressing. How realistic is it to complete in six weeks as I wish to avoid having to find short term accommodation?
Generally one should not serve notice for your lease unless your lawyer suggests that you should. Assuming that you have not already done so, update to your lawyer and urge them to they cajole the owners solicitors, try to get a realistic time scale from them that everyone will work towards
In what way does my ID and proof of funds have anything to do with my conveyancing in Cotham? 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 Cotham. However these days you will not be able to proceed with any conveyancing transaction without first submitting evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as evidence of identification it must be both the paper section as well as the photo card part, one is not sufficient without the other.
Evidence of the source of money is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor must retain this information on file. Your Cotham conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask further questions concerning the source of funds.
Will my solicitor be asking questions about flooding during the conveyancing in Cotham.
Flooding is a growing risk for conveyancers dealing with homes in Cotham. Plenty of people will buy a house in Cotham, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, however there are a number of checks that may be carried out by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Cotham. The conventional set of completed inquiry forms sent to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the vendor to determine if the premises has suffered from flooding. In the event that flooding has previously occurred and is not notified by the seller, then a buyer may commence a legal claim for losses as a result of such an misleading response. The buyer’s lawyers will also carry out an environmental search. This will reveal if there is a recorded flood risk. If so, further inquiries will need to be initiated.
How does conveyancing in Cotham differ for newly converted properties?
Most buyers of new build or newly converted property in Cotham contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Cotham typically acquire 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 property lawyers 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 Cotham or who has acted in the same development.
Is it possible to transfer to a new solicitor as I have to appoint one who is on the Barnsley Building Society conveyancing panel. I had appointed a high street conveyancing solicitor in Cotham five minutes from me but she is not accepted by Barnsley Building Society
We will our best to assist in finding you a conveyancing solicitor in Cotham on the Barnsley Building Society panel. Please note that the law firms that we list do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Cotham. In making use of search facility on this page, you can contrast charges for conveyancing solicitors in Cotham and throughout England and Wales.
To what extent are Cotham conveyancing solicitors duty bound by the Law Society to issue transparent conveyancing costs?
Contained within the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Cotham or across England and Wales.