What does my ID and proof of funds have anything to do with my conveyancing in East Yorkshire? Is this really warranted?
It is indeed that case that these requests have nothing to do with conveyancing in East Yorkshire. However these days you can not proceed with any conveyancing deal without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as proof of ID it must be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.
Verification of your source of money is mandated under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must have this information on record. Your East Yorkshire conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask further queries concerning the source of funds.
My bank has suggested a law firm on their panel based in East Yorkshire but I would rather choose a conveyancing lawyer in East Yorkshire local to me. Are you able to assist?
Far from all East Yorkshire conveyancing solicitors are on all banks conveyancing panel. Use the above search tool to find a East Yorkshire conveyancing firm on the on the bank panel.
I require expedited conveyancing in East Yorkshire as I am under pressure to sign on the dotted line inside 2 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to have searches carried out although no solicitor would advise that you don't. Drawing on our experience of conveyancing in East Yorkshire the following are examples of issues that can crop up and adversely affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
Just had an offer accepted on a new build flat in East Yorkshire. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in East Yorkshire
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There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. East Yorkshire is where the house is located. Can you offer any opinion?
Flying freeholds in East Yorkshire are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in East Yorkshire you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Yorkshire may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
When it comes to my conveyancing in East Yorkshire should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some East Yorkshire conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.