I am buying a newly constructed apartment in Flitwick and my solicitor is telling me that she is duty bound to the mortgage company to reveal incentives from the seller. I am nearing the developer’s deadline to exchange and I don't want to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
In what way does my ID and proof of funds have anything to do with my conveyancing in Flitwick? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Flitwick conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are required to check not simply the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may lead to your lawyer terminating 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 make a disclosure to the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
I have been told that property searches are a common reason for obstruction in Flitwick house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Flitwick.
I'm converting the mortgage on my primary house to a buy to let mortgage with Bank of Scotland and I will use the rest of the raised equity as a down payment on further property. The area we are talking about is Flitwick. Will your conveyancers be able to act for the two lenders and link together the two deals?
Make use of our search tool on this page to check that the lawyers are on the appropriate lender panels. Assuming that they are your lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and make clear your expectations and requirements.
I need to find a conveyancing solicitor for some conveyancing in Flitwick. I've land on a site which appears to be the perfect offering If there is a chance to get all this stuff done via web 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?
Can I establish who is the owner of a house in Flitwick?
Provided the premises is registered with HM Land Registry, and you have requisite information of the address of the premises, you should be able to view results from the the Land Registry of the registered proprietor for a a minimal charge.