What does my ID and proof of funds have anything to do with my conveyancing in Farnham Common? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Farnham Common. However these days you can not complete any conveyancing process if you have not providing proof of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are providing your driving licence as proof of identification it needs to be both the paper element and photo card part, one is not acceptable in the absence of the other.
Verification of your source of funds is necessary in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor must have this information on file. Your Farnham Common conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional queries concerning the origin of funds.
I am purchasing a 4 bedroom semi-detached house in Farnham Common. The intention is to carry out an extension to the side at the house.Will the conveyancing process involve enquiries to determine if these works are allowed?
Your property lawyer should review the registered title as conveyancing in Farnham Common will on occasion identify restrictions in the title documents which prevent categories of alterations or require the consent of a 3rd party. Some additions need local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
I had a mortgage agreed in principle with Bank of Ireland. Farnham Common conveyancing practitioners were chosen. How long does it take for Bank of Ireland to forward the offer to the solicitor?
Some lenders take longer than others. Have Bank of Ireland completed the survey? Have you advised Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am selling my house. I had a double glazing fitted in July 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Santander are being pedantic. The Farnham Common solicitor who is on the Santander conveyancing panel is recommending indemnity insurance as a solution but Santander are requiring a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My wife and I are selling our property in Farnham Common and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Farnham Common lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a web based conveyancing firm rather than a conveyancing solicitor in Farnham Common. We have lived in Farnham Common for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
3 months have gone by following my purchase conveyancing in Farnham Common concluded. I have checked the Land Registry site which shows that I paid £150,000 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've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Farnham Common is the location of the property. Can you offer any advice?
Flying freeholds in Farnham Common are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Farnham Common you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Farnham Common may ascertain 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.
I was recommended by numerous estate agents in Farnham Common to get a quote from a conveyancer on your site. What’s the financial inducement for Estate Agents to market your site rather than another?
We don’t make any referral fee for sending work our way. We thought it would be too underhand a fee as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.