What does my ID and proof of funds have anything to do with my conveyancing in Fawley? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Fawley. However these days you can not complete any conveyancing deal in the absence handing over proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Please note that 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 without the other.
Verification of your origin of funds is necessary in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must retain this information on file. Your Fawley conveyancing practitioner 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 should also ask additional questions concerning the source of monies.
We hope to to purchase with Norwich and Peterborough Building Society. We have called around locally yet am unable to find a Fawley conveyancing firm on the Norwich and Peterborough Building Society panel. Please you assist?
Feel free to make use of the find a conveyancing panel solicitor tool on this site. Pick the building society and type Fawley or your preferred area and you will discover numerous conveyancers located in Fawley or by proximity to you.
My wife and I purchased a renovated Victorian house in Fawley. Conveyancing practitioner acted for me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fawley and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing lawyer who completed the work.
How does conveyancing in Fawley differ for new build properties?
Most buyers of new build premises in Fawley approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Fawley typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Fawley or who has acted in the same development.
I need to appoint a conveyancing solicitor for purchase conveyancing in Fawley. I've land on a web site which looks to be the perfect answer If there is a chance to get all the legals done via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Why do Fawley conveyancing charges are more expensive for leasehold and freehold properties?
When acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control