What does my ID and proof of funds have anything to do with my conveyancing in Gilberdyke? Why is this being asked of me?
Gilberdyke conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Proof of the origin of funds is also required under the money laundering statutes as conveyancers are mandated to investigate that the monies you are using to buy a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has originated from legitimate source (such as employment savings) as opposed to the fruits of criminal activity.
I am planning on selling our property in Gilberdyke and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Gilberdyke lawyer would know that there is no such problem. For the life of me I don't know why the purchasers instructed an online conveyancing firm as opposed to a conveyancing solicitor in Gilberdyke. We have lived in Gilberdyke for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You should check with 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 health insurance to cover that same sickness)
I own a terraced Victorian house in Gilberdyke. Conveyancing lawyer acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for 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 Gilberdyke and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who carried out the work.
I'm purchasing a new build house in Gilberdyke with the aid of help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not to tell my conveyancer about this extras as it could 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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, chain free conveyancing. Gilberdyke is where the house is located. Can you shed any light on this issue?
Flying freeholds in Gilberdyke are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gilberdyke you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gilberdyke may decide 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 property.
I'm refinancing my current house to a buy to let loan with Clydesdale and intend to use the remaining equity as a down payment on further house. The area we are interested in is Gilberdyke. Will your conveyancers be able to act for both sets of banks and link together the conveyances?
Make use of our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Having checked that they are your lawyer should be able to connect the two transactions but you should talk with you solicitor and specify your expectations and requirements.