All was ready to move into my new home in Crowborough next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What risks does the mortgage company expect the insurance to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not limited to conveyancing in Crowborough.
What does my ID and proof of funds have anything to do with my conveyancing in Crowborough? What am I being asked for?
In order to comply with Money Laundering Regulations any Crowborough conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to investigate not only the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
What is your number one tip for choosing a conveyancing solicitor in Crowborough
Do not opt for the lowest Crowborough conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My aunt pointed out to me me that in buying a property in Crowborough there may be a number of restrictions as to what one can do in terms of external changes to a property. Is this right?
We are aware of a number of properties in Crowborough which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Crowborough should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My fiancee and I are in the process of looking at apartments in Crowborough and I am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Clydesdale.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are obtaining a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
My cousin has suggested that I instruct his lawyers for conveyancing in Crowborough. Do I follow his guidance?
No doubt the best way to find a conveyancing lawyer is to have recommendations from friends or family who have actually experience in using the firm that you are are thinking of instructing.
I am on look out for some leasehold conveyancing in Crowborough. Before I get started I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Crowborough - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Crowborough - A selection of Queries Prior to buying
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How is the lease structured? Who takes responsibility for maintaining and repairing the block?
Been on the hunt for a solicitor for leasehold sale conveyancing in Crowborough. I'm selling, uncomplicated no mortgage to redeem, no rush, no onward chain. Had a quote from a property lawyer for nine hundred pounds including VAT which is a tad high considering its so straightforward. Can I pay less for conveyancing in Crowborough?
Considering it’s a sale only, £450 + VAT would be about the best for a Crowborough solicitor firm.