What does my ID and proof of funds have anything to do with my conveyancing in Golders Green? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you need to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to hand over identification documents, your solicitor would not be able to accept instructions from you.
What is your number one tip for choosing a conveyancing solicitor in Golders Green
It would be unwise to be tempted by the lowest Golders Green conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
When it comes to lenders such as TSB, do Golders Green solicitors incur a fee to be on the conveyancing panel?
We are unaware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I was told three weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Golders Green is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some fast conveyancing in Golders Green as I am under a deadline to exchange contracts within 3 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not getting a home loan you have the choice not to have searches carried out although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Golders Green the following are instances of issues that can crop up and therefore affect future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
I'm buying my first flat in Golders Green with the aid of help to buy. The sellers would not reduce the price so I negotiated 6k of additionals instead. The sale representative suggested that I not to tell my conveyancer about the side-deal as it may adversely affect my loan 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 encouragement of my in-laws I had a survey completed on a house in Golders Green in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will refuse to give a loan on such a premises.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Golders Green. Conveyancing may be slightly more expensive based on your lender's requirements.
Are there any apps to assist me to identify a Golders Green solicitor on the Virgin Money conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the conveyancer.
You can use the tool on this page. Please choose the bank and your location and you will see a number of Golders Green conveyancing lawyers based on proximity. We have detailed some Golders Green conveyancing firms at the bottom of this page and you can ring them to see if they are on the Virgin Money approved list