Souldappointing a Crawley Down conveyancing practitioner make the home moving process easier?
Crawley Down is a special area, where local know-how is a significant benefit. The laid-back lifestyle has an upside – just not when it comes to your house move. The conveyancers that we endorse providing exhaustive Crawley Down know how with a positive, can doapproach that helps the conveyancing to progress actively engaging with all parties to reduce communication delays. It is a definite plus that they benefit from well established relationships with financial advisers, search providers, valuers and other Crawley Down conveyancing practitioners
What does my ID and proof of funds have anything to do with my conveyancing in Crawley Down? Why is this being asked of me?
Crawley Down conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Confirmation of source of funds is also required in accordance with the money laundering laws as lawyers are required to ensure that the funds you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase monies where you are buying mortgage free) has originated from a reputable source (such as an inheritance) and is not the proceeds of illegitimate behaviour.
Should our conveyancer be making enquiries concerning flooding as part of the conveyancing in Crawley Down.
Flooding is a growing risk for lawyers carrying out conveyancing in Crawley Down. Plenty of people will buy a property in Crawley Down, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, but there are a various checks that can be carried out by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Crawley Down. The standard property information forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to determine whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the seller, then a purchaser may issue a claim for damages as a result of such an incorrect answer. A purchaser’s solicitors may also conduct an enviro search. This should reveal if there is any known flood risk. If so, further inquiries should be initiated.
3 months have elapsed since my purchase conveyancing in Crawley Down completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in Crawley Down with a mortgage from Godiva Mortgages Ltd. The developers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about the extras as it would jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We are one month into a leasehold purchase having been recommend to conveyancers by the local agent to handle our conveyancing in Crawley Down. I am am starting to be disappointed with the level of service. Can you you assist me in finding new solicitors?
They would need to be really bad to suggest replacing them. Has the mortgage offer been sent? If so you will need to make them aware of the new solicitor and ensure the mortgage documents are re-sent. Your conveyancer needs to be on the lenders panel to avoid supplemental expenses and frustration. So that should be your first question of the new conveyancers. The find a solicitor tool will help you find a bank approved lawyer for your conveyancing in Crawley Down