In what way does my ID and proof of funds have anything to do with my conveyancing in Dartford? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Dartford. Nowadays you can not proceed with any conveyancing deal in the absence supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as proof of identification it must be both the paper section and photo card part, one is not satisfactory in the absence of the other.
Evidence of your origin of funds is required in accordance with the 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 Dartford conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask additional questions concerning the source of monies.
My conveyancer has informed me that lack of building regulations insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Dartford?
The right level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between Yorkshire Building Society and Bank of Scotland. Conveyancing solicitors as opposed to borrowers take out such policies.
My wife and I are in the throws of looking at apartments in Dartford and I am now considering a potential offer. Is it best to have a property lawyer on ‘stand by’? I intend to finance via a mortgage with Kent Reliance.
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 contact information on to the EA. As you are getting a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
After shopping around on the internet I have found a Dartford solicitor having checked that they are on the Nationwide conveyancing panel. Does my lawyer arrange the survey of the property?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Dartford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Just acquired a terraced house in Dartford , how long should it take for the Land Registry to register the transfer to my name? My Dartford conveyancing solicitor has been painfully slow, so I want to be certain the post completion formalities are addressed.
As far as conveyancing in Dartford is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any other parties. At present roughly three quarters of such applications are fully addressed within 12 days but occasionally there can be extensive hold-ups. Historically registration takes place once the new owner has moved in to the property so an expedited registration is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
I am purchasing a new build house in Dartford benefiting from help to buy. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my solicitor about this extras as it will affect my loan with Virgin Money. Is this normal?.
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 UK Finance website. UK Finance 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.
I decided to have a survey done on a house in Dartford prior to appointing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Dartford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Dartford to see if the conveyancing will be more expensive.
There are numerous houses in Dartford on private roads. My wife and I are acquiring such a property. What would be the pros and cons of buying a property on a private road?
Dartford conveyancing practices are well versed in conveyancing houseson private. The conveyancer should review the title to identify any rights or liabilities. In many cases there is a residents association that residents make annual contributions to maintain the road. Where one exists, the road will likely be maintained and appear better than council owned.