What does my ID and proof of funds have anything to do with my conveyancing in Fordingbridge? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Fordingbridge. Nowadays you can not complete any conveyancing transaction in the absence providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as proof of ID it must be both the paper part and photo card part, one is not satisfactory in the absence of the other.
Evidence of the origin of money is necessary in accordance with the Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancer must have this information on file. Your Fordingbridge conveyancing practitioner will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask additional queries concerning the origin of funds.
Do I need to attend the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Fordingbridge so that I can attend their offices if required.
As opposed to twenty years ago, the vast majority banks no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to supply identification documents and there are still manifest advantages to using a locally based practitioner, in your situation a conveyancing solicitor in Fordingbridge.
My colleague recommended that if I am purchasing in Fordingbridge I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Fordingbridge conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Fordingbridge around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information concerning Fordingbridge.
I have recentlyfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Fordingbridge for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The quickest way to check if the premises 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 Fordingbridge conveyancing specialists.
I'm buying a new build house in Fordingbridge with a loan from Norwich and Peterborough Building Society. The builders would not move on the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not to tell my conveyancer about this deal as it will adversely affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a property in Fordingbridge prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies may not give a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Fordingbridge. Conveyancing may be slightly more expensive based on your lender's requirements.