My partner and I are buying our first home. The conveyancing practitioner has contact usto enquire if we want to purchase additional conveyancing searches. As novices we in the dark as to what's recommended for conveyancing in Crawley Down
The type of Crawley Down conveyancing searches depends entirely on the premises, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your overall appetite to risk. What is important is that you adequately understand what information the searches could give you. Then you can make a decision if you consider that you need that search. Where you are in doubt, ask your solicitor to advise.
What does my ID and proof of funds have anything to do with my conveyancing in Crawley Down? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Crawley Down. However these days you can not complete any conveyancing process in the absence submitting proof of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are providing your driving licence as evidence of identification it must be both the paper section and photo card part, one is not sufficient without the other.
Proof of your source of funds is necessary in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer must retain this information on file. Your Crawley Down conveyancing practitioner will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask further questions regarding the source of funds.
My house in Crawley Down is up for sale and I have a buyer. Will my solicitor have to be required to be on the Lloyds conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
I am the sole beneficiary of my late father’s will with all property in now in my sole name, including the house in Crawley Down. The Crawley Down property was put into my name in December. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be considered the same way as if I'd bought the property in December. Do I have to wait 6 months to sell?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. How practical a view banks take of it, depend on the mortgage company as this provision primarily exists to capture subsales or the quick reselling of property.
Are all Crawley Down Conveyancing Quality Solicitors on the Principality conveyancing list of approved practices?
Some major lenders now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
TSB have agreed my home loan in principle, my bid on a apartment in Crawley Down has been agreed to, what are the next steps?
Your property agent will wish to know who your solicitors are (make sure the conveyancers are on the bank’s approved list). Call up TSB or the financial adviser and complete any relevant documentation. TSB will appoint a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. TSB will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Crawley Down.
Me and my brother own a terraced Georgian property in Crawley Down. Conveyancing solicitor represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Crawley Down and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing solicitor who carried out the work.
I need to appoint a conveyancing solicitor for freehold conveyancing in Crawley Down. I've discover a site which seems to have the perfect offering If there is a chance to get all the legals done via web that would be ideal. Should I be wary? What should out be looking out for?
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?