I am purchasing a house mortgage free in Emersons Green. I have resided for the last dozen years in Emersons Green. Conveyancing searches are a lot of money. As I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then almost all of the Emersons Green conveyancing searches are optional. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches carried out, but she is duty bound to take that path of advice. One thing to take into account; if you are likely to dispose of the house at a future date, it will be of relevance to your prospective purchaser what the searches reveal. On occasion houses with day to day issues can still show up unexpected search results. A good conveyancing solicitor in Emersons Green will provide you some practical advice here.
What does my ID and proof of funds have anything to do with my conveyancing in Emersons Green? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Emersons Green conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to validate not just the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this may result in your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My aunt passed away last year and as sole heir and executor I was left the property in Emersons Green. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
If you plan to re-mortgage then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
What can a local search tell me concerning the property I am purchasing in Emersons Green?
Emersons Green conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for instance Xpress Legal The local search is essential in every Emersons Green conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should supply data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I have recentlyfound out that Stirling Law have closed. They carried out my conveyancing in Emersons Green for a purchase of a freehold house 12 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The quickest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Emersons Green conveyancing specialists.
I decided to have a survey done on a property in Emersons Green in advance of appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will refuse to grant a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Emersons Green. Conveyancing will be smoother if you use a solicitor in Emersons Green especially if they are familiar with such properties in Emersons Green.